Courtney Leimkuhler to Be CFO of Marsh; Paul Malvasio to Retire

October 16, 2014 at 10:52 AM EDT


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NEW YORK--(BUSINESS WIRE)--Oct. 16, 2014-- Marsh, a global leader in insurance broking and risk management, and a wholly owned subsidiary of Marsh & McLennan Companies (MMC), today announced that Courtney Leimkuhler will assume the role of chief financial officer (CFO) effective March 1, 2015. She will succeed CFO Paul Malvasio, who is retiring in March after a distinguished career that spans more than four decades.

"Courtney is a proven leader with world-class financial acumen and strategic business capabilities. Her extensive experience with acquisitions and her unique background will add significant value in positioning Marsh for the future," said Peter Zaffino, president and CEO of Marsh.

"We thank Paul for his valuable service to our organization, and we look forward to Courtney's continued positive contributions," said Mike Bischoff, CFO of Marsh & McLennan Companies.

Ms. Leimkuhler, who has served as CFO of Marsh's US and Canada Division since December 2013, will continue to be based in New York.

Prior to joining Marsh, Ms. Leimkuhler spent nine years at NYSEEuronext, where most recently she led corporate strategy and implementation and was responsible for all mergers and acquisitions, investments, joint ventures, and divestitures. She also spent several years at Goldman Sachs in the equities and principal investing divisions.

Ms. Leimkuhler holds an MBA from Harvard Business School, where she was a Baker Scholar, and a BA from Harvard College.

About Marsh

Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh's approximately 26,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook, and YouTube.

Source: Marsh

Sally Roberts, +1-303-952-9453
Lee Ann Farwell