Executive Vice President Malcolm C. Roberts (pictured above) – the former chemical engineer who joined FM Global in 1995 as a loss prevention consultant in London – will become the general manager of the commercial property insurer from January 1 of next year.
Before that, Roberts will also become President and Board Member from August. As President, he will be responsible for the strategic and operational direction of FM Global. In 2022, Roberts will succeed current CEO Thomas A. Lawson (pictured below), who has been with the company for 42 years.
Lawson has held the top position since 2015 and will retire in late 2021. However, he will continue to serve as CEO.
“This is an exciting step in the future direction of the company,” commented the outgoing boss. “Malcolm has the right balance between leadership skills and vision, an intrinsic understanding of our corporate culture, comprehensive insight into the complex needs of our customers, and extensive industry knowledge and experience.
“This combined with FM Global’s enduring business model, which is solely focused on real estate risk management and the resilience of our policyholders, will ensure the continued success we share with our client-owners.”
FM Global insures nearly $ 10.2 trillion in commercial real estate in more than 130 countries and has annual sales of $ 7.4 billion.