LONG-TERM WINS.
Author | Mildenberg, David |
Position | STATEWIDE: Charlotte - Scott Purviance |
AmWINS, perhaps Charlotte's quietest multibillion-dollar company, is making some news with a changing management suite. But Scott Purviance expects few changes when he succeeds founder Steve DeCarlo as CEO on May 1. Purviance was DeCarlo's first hire in 2001, and the duo have built a company expected to crack $ 1 billion in revenue this year. "I'm not a new CEO coming in to shake things up," Purviance says. "Why would I want to shake it up?" AmWINS, which was valued at $2.6 billion in late 2016, acts as a middleman between local property-casualty agents and insurance companies. It employs about 4,500 people across the U.S. and in several foreign nations.
DeCarlo, 60, who will remain chairman, described his goal of building a 150-year-old company in a 2016 Business North Carolina story ("Bid Winner," May 2016). Executive succession is critical, he says. "A good CEO needs a 10-year run, and Scott is 48," he says. "As a privately owned firm that has gotten to a significant scale, the real challenge is how to keep it going."
AmWINS has acquired 45 wholesale insurance agencies, including seven in the last two years. None of the top executives of those firms have departed in a contentious way. "We want...
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