Industry-Leading Executive Joined Marsh as President in 2016
NEW YORK--(BUSINESS WIRE)--Jul. 5, 2017--
Marsh & McLennan Companies, Inc. (NYSE:MMC), a global professional
services firm offering clients advice and solutions in risk, strategy
and people, today announced the appointment of John Doyle as Chief
Executive Officer of Marsh, effective immediately. Mr. Doyle will report
to Marsh & McLennan Companies President & CEO Dan Glaser and continue to
serve on the Company's Executive Committee.
A highly-regarded insurance industry leader for more than thirty years,
with significant global management and operational experience, Mr. Doyle
was appointed President of Marsh in April 2016. As President & CEO of
Marsh, Mr. Doyle will continue to oversee the firm's global brokerage
businesses while assuming responsibility for Marsh's Global Risk &
Specialties, portfolio businesses and operational functions.
"John's accomplishments and impressive track record of building strong
client relationships and inspiring colleagues make him ideal to serve as
President & CEO of Marsh," said Dan Glaser, President & CEO of Marsh &
McLennan Companies. "Today's appointment delivers on our strategic
commitment to having the deepest and most talented executive leadership
team in the industry."
In this role, Mr. Doyle succeeds Peter Zaffino, who has accepted a
leadership role at AIG. Mr. Zaffino had served as CEO of Marsh since
2011, and as Chairman of Risk and Insurance Services since 2015.
Previously, Mr. Zaffino served as President & CEO of Guy Carpenter from
2008 to 2011.
"On behalf of our colleagues and Executive Committee, I want to thank
Peter Zaffino for his meaningful contributions to our firm," said Mr.
Glaser. "We wish him continued success in the next phase of his career."
Prior to joining Marsh & McLennan in 2016, Mr. Doyle was Chief Executive
Officer for AIG's commercial insurance businesses worldwide. He was
responsible for AIG's property, casualty, financial lines, specialty
lines, institutional markets, and mortgage guaranty products and
services. Previously, Mr. Doyle served as President and Chief Executive
Officer of Chartis U.S. Mr. Doyle is a member of the Board of the New
York Police and Fire Widows' & Children's Benefit Fund and is a Trustee
of the Inner-City Scholarship Fund.
Today, Marsh & McLennan further announced that effective immediately,
Peter Hearn, President & Chief Executive Officer of Guy Carpenter, will
report directly to Mr. Glaser and join the Company's Executive
Committee. The role of Chairman of Risk and Insurance Services will not
be filled.
"Peter Hearn is a highly accomplished and talented executive," said Mr.
Glaser. "I welcome him to Marsh & McLennan's Executive Committee."
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE:MMC) is a global professional services
firm offering clients advice and solutions in the areas of risk,
strategy and people. Marsh
is a leader in insurance broking and risk management; Guy
Carpenter is a leader in providing risk and reinsurance intermediary
services; Mercer
is a leader in health, wealth and career consulting; and Oliver
Wyman is a leader in management consulting. With annual revenue of
more than $13 billion and more than 60,000 colleagues worldwide, Marsh &
McLennan Companies provides analysis, advice and transactional
capabilities to clients in more than 130 countries. The Company is
committed to being a responsible corporate citizen and making a positive
impact in the communities in which it operates. Visit www.mmc.com
for more information and follow us on LinkedIn
and Twitter @MMC_Global.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170705005963/en/
Source: Marsh & McLennan Companies, Inc.
Marsh & McLennan Companies
MEDIA:
Ed
Dandridge, +1 212-345-9751
ed.dandridge@mmc.com
or
INVESTORS:
Dan
Farrell, +1 212-345-3713
daniel.farrell@mmc.com
