LOS ANGELES-Lee & Associates has named Ed Indvik, a 34-year industry veteran and a 20-year veteran of the Los Angeles-based firm, as the first CEO in its 32-year history to help oversee the company's nationwide expansion. Founder Bill Lee says that creating the new CEO position "will allow Lee & Associates to continue its growth and development tools, methods and materials for our clients” as the already-growing company charts a course for further expansion.
Indvik steps into the role immediately after being selected CEO by Lee & Associates’ presidents. The company said in announcing the appointment that it is the next step in the firm’s evolution, in which it has grown from Bill Lee’s founding in 1979 to a board of directors and now a CEO.
Lee & Associates has grown to 43 offices managed by the presidents and managing partners. The board of directors, elected from within the pool of presidents/managing partners, is responsible for setting policy and shaping Lee’s strategic direction.
Said founder Lee, “With this move, our firm will maintain the ownership, decision-making process and the ability to invest in the growth of the organization that the shareholders and presidents have created that made this firm what it is today.”
Indvik will report to Lee’s owners and presidents to carry out the firm’s strategic objectives. He will retain his position as vice chairman of Lee & Associates’ Investment Services Group, as well as his role as a non-voting chairman of Lee’s Advisory Board.
In addition to its recent expansion to 43 nationwide offices and nearly 700 agents, the company has "more on tap to join in 2011 and into the next decade," it says. The company's most recently added offices include Atlanta, Indianapolis and Kansas City, as well as its Greenville, S.C., office, which opened this month.
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