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New Lockton CEO resigns after less than three months

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Glenn Spencer has resigned as president and CEO of Lockton Cos. Inc. effective immediately and was succeeded by Vice Chairman Ron Lockton. Spencer officially became president and CEO on May 1, when John Lumelleau retired after 12 years in the role. The company said only that the resignation was “for personal reasons, effective immediately.” After Lumelleau announced that he would retire, Chairman David Lockton said that choosing Spencer to take over as CEO was one of the biggest decisions he’d…

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