Farris Evans Insurance Agency (FEIA) of Memphis, Tenn., has restructured the ownership of the privately held firm and promoted Vice President Chadwick Willoughby, now a major equity holder of the company, to president.
The move became effective Jan. 20., when the firm’s majority owner and co-founder, Stan Evans, transitioned from being the firm’s president to chief executive officer.
Willoughby has been at FEIA, which specializes in trucking and transportation insurance, for the last five years.
![](https://www.insurancejournal.com/app/uploads/2017/02/Willoughby_Chad-Evans_Stan-580x350.png)
Willoughby will spearhead the future growth of the company, including a continuation of rapid transitions in both technology and regulation.
He has 15 years of commercial insurance experience to the position, and has earned four commercial insurance designations: CIC, TRS, CWCC, and CLCS.
Topics Tennessee
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