Summary
Marsh & McLennan Companies, Inc. (MRSH) announced a significant leadership transition in an 8-K filing on September 20, 2012. Brian Duperreault, the current President and CEO, will retire at the end of 2012. He will also step down from the Board of Directors concurrently with his retirement. Daniel S. Glaser, currently Group President and Chief Operating Officer, has been appointed as Mr. Duperreault's successor. Mr. Glaser will assume the roles of President and CEO effective January 1, 2013, and will also join the Company's Board of Directors, serving on its Executive and Finance Committees. This transition signals a continuity of leadership with Mr. Glaser, who has extensive experience within the company and the broader insurance industry.
Key Highlights
- 1Brian Duperreault, President and CEO, will retire at year-end 2012.
- 2Daniel S. Glaser, currently Group President and COO, will succeed Brian Duperreault as President and CEO.
- 3The leadership transition will be effective January 1, 2013.
- 4Daniel S. Glaser will also join the Board of Directors effective January 1, 2013.
- 5Mr. Glaser will serve on the Board's Executive and Finance Committees.
- 6Mr. Glaser has a long history with Marsh & McLennan, including previous leadership roles at Marsh Inc.
- 7The filing references a press release dated September 20, 2012, for further details.