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NEW YORK, May 02, 2011 (BUSINESS WIRE) -- Marsh & McLennan Companies, Inc. (NYSE: MMC) today announcedthe appointment of Ben Allen, age 46, to the position of Chief Innovation Officer.
In this newly created role, Mr. Allen will partner with leadership teams at Marsh, Guy Carpenter, Mercer and Oliver Wyman to create market-driven products and solutions that help drive growth for the firm as a whole. As Chief Innovation Officer, Mr. Allen becomes a member of the Marsh & McLennan Companies Executive Committee, reporting to Group President and Chief Operating Officer Dan Glaser.
"Our top priority as an organization is profitable growth across all of our businesses," said Mr. Glaser. "We believe one of the ways we'll achieve this growth is to take a more systematic approach to commercializing innovation at the firm. Our operating companies are consistently generating innovative solutions to complex client issues; our intent is to make it easier for us to identify, leverage and develop these solutions, and to improve our speed-to-market for new products and services."
Mr. Allen had previously been President and Chief Executive Officer of Kroll, Inc., a position he held since March 2008. Kroll was a unit of Marsh & McLennan Companies from 2004 until its sale to Altegrity in 2010. Prior to that, he held a number of leadership positions at Kroll, including Chief Operating Officer and, from 2002-2007, President of Kroll's Ontrack subsidiary.
"We're thrilled to have an executive of Ben's caliber back with the company," said Mr. Glaser.
ABOUT MARSH & MCLENNAN COMPANIES
Marsh & McLennan Companies is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world's leading risk experts and specialty consultants, including Marsh, the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. With more than 51,000 colleagues worldwide and annual revenue exceeding $10 billion, Marsh & McLennan Companies provides analysis, advice and transactional capabilities to clients in more than 100 countries. Its stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. Marsh & McLennan Companies website address is www.mmc.com.
SOURCE: Marsh & McLennan Companies, Inc.
Marsh & McLennan Companies
Jeremy Lehrman, 212-345-9775
Laura Cora, 212-345-2731
Scott Douglas, 212-345-5488