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 managing director of the commercial property insurer from January 1 of next year.
Prior to that, Roberts will also become chairman and board member effective August. As President, he will be in charge of 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 most senior position since 2015 and will retire at the end of 2021. He will, however, continue to chair the board.
“This is an exciting step in the future direction of the company,” commented the outgoing chief. “Malcolm has the right balance of leadership skills and vision, an intrinsic understanding of our corporate culture, a comprehensive view of the complex needs of our clients, and in-depth industry knowledge and experience.
“This, combined with FM Global’s sustainable business model focused solely 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 US $ 10,200 billion in corporate assets in more than 130 countries and has annual sales of US $ 7.4 billion.