Insurance brokerage firm Brown & Brown, Inc. has announced the addition of Jaymin B. Patel, executive chairman of Perennial Climate Inc., to its board of directors.
A chartered accountant, Patel has held his role at Perennial Climate – a leading platform measuring, reporting, and verifying soil-based carbon removal and climate-smart agriculture – since March 2019.
J. Powell Brown, Brown & Brown’s chief executive officer and a member of the board, commented: “Brown & Brown will benefit tremendously from Jaymin’s leadership as we pursue our mission as A Forever Company to deliver long-term value to our shareholders. Jaymin brings significant knowledge and diverse experience across multiple industries, and we are extremely pleased to welcome him to our team.”
Prior to Perennial Climate, Patel was chief executive officer and director of Brightstar Corporation, a global wireless device services company backed by Softbank (during that time), from March 2015 to August 2018.
From 1994 to March 2015, he served in various executive and financial leadership roles at GTECH (now IGT), including president and chief executive officer of GTECH Corporation, from 2007 to 2015, and senior vice president and chief financial officer of the publicly traded GTECH Holdings Corporation from 2000 to 2006.
Additionally, Patel currently also serves as a director and audit committee member of Bally’s Corporation and SpartanNash Company. He also sits on the boards of directors of several private companies, including Win Systems Ltd. and Rip Van LLC, and is the chairman of the board of the Community College of Rhode Island Foundation.
He has previously served as a director of Willis Towers Watson and as director, president and chief financial officer of Clarim Acquisition Corp., a special-purpose acquisition company.
H. Palmer Proctor, Jr., Brown & Brown’s lead independent director and chair of the Nominating/Corporate Governance Committee of Brown & Brown’s board of directors, said: “Jaymin has a proven history of leading companies and serving on a variety of boards of privately held and publicly traded companies.
“His extensive background operating businesses in regulated industries, combined with his unique combination of international experience, insurance knowledge and financial acumen, makes him a fantastic addition to our board of directors.”
