On June 28, 2024, the Board of Directors of Ryan Specialty Holdings, Inc. unanimously approved a leadership succession plan to be implemented on October 1, 2024. Under the plan, Patrick G. Ryan, the Company?s Founder, Chairman, and Chief Executive Officer, will transition to the role of Executive Chairman and Timothy W. Turner, President of Ryan Specialty and Chairman and CEO of Ryan Turner Specialty (?RT Specialty"), will become Chief Executive Officer. As Executive Chairman, Mr. Ryan will continue to lead the Board of Directors and will remain an executive officer of the Company with supervisory responsibility over the strategic direction of the Company, taking an active role in building and leading its operations, providing day-to-day oversight to the new CEO, and performing such other duties as from time to time may be assigned to him by the Board of Directors.

Mr. Ryan, age 87, has served as the Company's Chairman and Chief Executive Officer since its founding in 2010. Mr. Ryan is the Chairman of the Company's Executive Committee. Prior to launching Ryan Specialty, Mr. Ryan founded Aon Corporation and served as its Chairman and/or CEO for 41 years.

Timothy W. Turner, age 64, has served as the Company's President since March 2021, as the Chairman and CEO of RT Specialty since its founding in 2010, and has been a member of the Board of Directors since 2012. Mr. Turner is a member of the Company's Executive Committee. Prior to co-founding RT Specialty, Mr. Turner was with CRC Insurance Services, Inc. (?CRC?) for 10 years and was President of CRC at the time of his departure.

Prior to CRC, Mr. Turner worked for the Crump Group and was named President of its Chicago office. Mr. Turner began his insurance career as a casualty broker with A.J. Renner & Associates in 1987.