01—Abstract
Summary
Summary of the 8-K filed August 27, 2026. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Arthur J.
Gallagher & Co. (AJG) announces a planned leadership transition in its accounting department. Richard C. Cary, who has served as Controller and Chief Accounting Officer since 2001 (and Controller since 1997), has notified the company of his intention to retire in 2028.
He will step down from his principal accounting officer roles effective September 30, 2026, but will remain with the company in a Corporate Vice President role to support the transition. Kyle G. Koreyva will succeed Mr. Cary as Controller and Chief Accounting Officer, effective October 1, 2026.
Mr. Koreyva joined AJG as part of the AssuredPartners acquisition in August 2025 and most recently served as Vice President, Accounting. His appointment is part of the company's succession planning, and there are no changes to his current compensation arrangements. The filing emphasizes that Mr. Cary's retirement is not related to any disagreements concerning financial matters.
02—Key points
Key Highlights
- Richard C. Cary, Controller and Chief Accounting Officer, plans to retire in 2028 and will step down from his principal accounting officer roles effective September 30, 2026.
- Mr. Cary will remain with the company in a Corporate Vice President - Accounting role to ensure a smooth transition until his retirement.
- Kyle G. Koreyva has been appointed as the successor to Mr. Cary, assuming the role of Controller and Chief Accounting Officer effective October 1, 2026.
- Mr. Koreyva's appointment is a result of internal succession planning and his recent role as Vice President, Accounting within AJG.
- There are no changes to Mr. Koreyva's compensation arrangements in connection with his promotion.
- Mr. Cary's departure from his principal accounting officer roles is not due to any disputes regarding financial statements, controls, or company policies.
- Mr. Koreyva brings extensive experience, including prior Chief Accounting Officer role at AssuredPartners and significant tenure at PricewaterhouseCoopers.
03—Questions
Frequently Asked Questions
Why is Richard C. Cary stepping down as Controller and Chief Accounting Officer?
Richard C. Cary is stepping down from these roles effective September 30, 2026, as he plans to retire in 2028. This is a planned retirement and not due to any disagreements with the company on financial or operational matters.
Who is replacing Richard C. Cary, and what is their background?
Kyle G. Koreyva will succeed Mr. Cary as Controller and Chief Accounting Officer, effective October 1, 2026. Mr. Koreyva joined AJG through the AssuredPartners acquisition in August 2025 and most recently served as Vice President, Accounting. He has a strong background, including experience as AssuredPartners' Chief Accounting Officer and 14 years at PricewaterhouseCoopers.
Will Mr. Cary still be involved with the company?
Yes, while stepping down as Controller and Chief Accounting Officer, Mr. Cary will remain employed by the company as Corporate Vice President - Accounting. He will support the transition process until his retirement in 2028.
Are there any changes to Kyle G. Koreyva's compensation with this promotion?
No, the filing explicitly states that there are no changes to Mr. Koreyva's compensation arrangements in connection with his assuming the role of Controller and Chief Accounting Officer.
04—Continue