Marsh Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain Officers.
On July 5, 2017, Marsh & McLennan Companies, Inc. (the "Company") announced that Peter Zaffino, Chairman of the Company’s Risk & Insurance Services segment and Chief Executive Officer of Marsh LLC, has resigned and will accept a leadership role at AIG. Mr. Zaffino will continue to be employed by the Company until July 21, 2017 in order to assist in the transition of his duties.
Item 8.01Other Events.
On July 5, 2017, the Company also announced the appointment of John Doyle as Chief Executive Officer of Marsh LLC, effective immediately, to succeed Mr. Zaffino, as discussed above. In that role, Mr. Doyle will report to the Company’s President & CEO, Dan Glaser. He will continue to serve as President of Marsh LLC and on the Company’s Executive Committee.
The Company 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 & Insurance Services will not be filled.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. For purposes of Section 18 of the Securities Exchange Act of 1934, the press release is deemed furnished, not filed.
MARSH & MCLENNAN COMPANIES, INC. ExhibitEX-99.1 2 exhibit991july52017.htm PRESS RELEASE – JULY 5,…To view the full exhibit click here
About Marsh & McLennan Companies, Inc. (NYSE:MMC)
Marsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy. The Company provides analysis, advice and transactional capabilities to clients in approximately 130 countries. The Company operates through two segments: Risk and Insurance Services and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services. The Company’s consulting segment includes health, retirement, talent and investments consulting services and products, and specialized management, economic and brand consulting services.