REG-Marsh & McLennan Marsh McLennan Announces John Q. Doyle to Succeed Daniel S. Glaser as President and Chief Executive Officer

Marsh & McLennan CompaniesAnnouncement

26/09/2022 13:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220926:nBw4YzzVQa&default-theme=true


Marsh McLennan Announces John Q. Doyle to Succeed Daniel S. Glaser as
President and Chief Executive Officer

 

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm
in the areas of risk, strategy and people, announced today that John Q. Doyle,
58, has been named President and Chief Executive Officer, effective January 1,
2023. Daniel S. Glaser, 62, will retire from Marsh McLennan at year end
following a decade leading the Company through a period of extraordinary
growth and change.

Mr. Doyle has served as Group President and Chief Operating Officer of Marsh
McLennan since January 2022, and prior to that was President and CEO of Marsh,
the Company’s risk advisory and insurance solutions business, from 2017 to
2021.

Mr. Glaser has served as President and Chief Executive Officer since 2013.
Prior to 2013, Mr. Glaser served as Group President and Chief Operating
Officer of the Company. He rejoined Marsh McLennan in December 2007 as
Chairman and Chief Executive Officer of Marsh, returning to the firm where he
began his career in 1982.

“Dan has had an extraordinary impact on Marsh McLennan, shaping it into a
modern, dynamic company,” said H. Edward Hanway, Chairman of the Company’s
Board of Directors. “He expanded the business into new client segments,
increased revenues from $12 billion to over $20 billion and grew the
Company’s colleague base. He successfully completed the Company’s $5.6
billion acquisition of JLT in 2019; launched Marsh McLennan Agency which, in
just over a decade, has grown to $2.5 billion of annual revenue and closed 100
acquisitions; and brought the firm together under a shared purpose. We are
grateful for his contributions to the enterprise over many years.”

“John has the full support of our Board. He led Marsh to outstanding
earnings and revenue growth and, as Group President and COO, has found new
ways to harness the collective strength of Marsh McLennan to deliver even
greater impact with our clients, colleagues and communities. He is a terrific
strategist and an exceptional leader who builds effective, diverse, and
inclusive teams. With his leadership, the Company is well positioned for
continued growth.”

Mr. Glaser said, “John has been an indispensable partner to me and the other
members of our Executive Committee in delivering on our strategy. He knows our
businesses well and is focused on creating best-in-class solutions for our
clients. I am confident that this organization’s extraordinary success will
continue under John’s leadership.”

“It’s been an honor to lead this great Company,” continued Mr. Glaser.
“Very few 150-year-old firms are as relevant, resilient and successful as
Marsh McLennan is today. I leave with the same thought I had the day I became
CEO: the best is yet to come for Marsh McLennan.”

Mr. Doyle said, “I am thankful to Dan and to our Board for their support and
confidence in me. We have terrific momentum and the capabilities and expertise
needed to drive innovation and growth, deliver critical client solutions and
create value for shareholders. I look forward to partnering with our 83,000
colleagues to write our next chapter.”

Upon his retirement as President and Chief Executive Officer, Mr. Glaser will
also retire from the Company’s Board of Directors. Mr. Doyle will join the
Board as a Director effective January 1, 2023.

Mr. Doyle is an insurance industry veteran with more than 30 years of
management experience in commercial insurance underwriting and brokerage. He
began his career at AIG and held several executive positions at the insurer,
including Chief Executive Officer of AIG Commercial Insurance, and President
and CEO of AIG Property and Casualty in the US.

About Marsh McLennan

Marsh McLennan
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mmc.com%2F&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=Marsh+McLennan&index=1&md5=c863aa9aef3b9f24751d8e488725484f)
(NYSE: MMC) is the world’s leading professional services firm in the areas
of risk, strategy and people. The Company’s 83,000 colleagues advise clients
in 130 countries. With annual revenue of over $20 billion, Marsh McLennan
helps clients navigate an increasingly dynamic and complex environment through
four market-leading businesses. Marsh
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.marsh.com%2F&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=Marsh&index=2&md5=4adb5574cfb37d472dce19f83b9a7622)
provides data-driven risk advisory services and insurance solutions to
commercial and consumer clients. Guy Carpenter
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.guycarp.com%2F&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=Guy+Carpenter&index=3&md5=42ee99208b82f47fb4dec34bea88b4b3)
develops advanced risk, reinsurance and capital strategies that help clients
grow profitably and pursue emerging opportunities. Mercer
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mercer.com%2F&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=Mercer&index=4&md5=40bc6de4f1ea7bf4d89246f8abd34b38)
delivers advice and technology-driven solutions that help organizations
redefine the world of work, reshape retirement and investment outcomes, and
unlock health and wellbeing for a changing workforce. Oliver Wyman
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.oliverwyman.com%2F&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=Oliver+Wyman&index=5&md5=3e4030eedc06b7f03d14caf304e5b4e0)
serves as a critical strategic, economic and brand advisor to private sector
and governmental clients. For more information, visit marshmclennan.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.marshmclennan.com&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=marshmclennan.com&index=6&md5=dce6e5e58dcfe33bd563c1cd4b97dc43)
, follow us on LinkedIn
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmarsh-%26-mclennan-companies-inc-%2Fmycompany%2Fverification%2F%3FviewAsMember%3Dtrue&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=LinkedIn&index=7&md5=ceb2e16c0ccab3fdfb9341256b130237)
and Twitter
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FMarshMcLennan&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=Twitter&index=8&md5=2cbb0e16ff9414c3f936fb2a90e48219)
or subscribe to BRINK
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.brinknews.com%2F&esheet=52925776&newsitemid=20220926005440&lan=en-US&anchor=BRINK&index=9&md5=7843e5d0d5cff1533a770e3f26b2580b)
.

Media: 

Erick Gustafson

Marsh McLennan

+1 202 263 7788

erick.gustafson@mmc.com 
(mailto:erick.gustafson@mmc.com) 


Investor: 

Sarah DeWitt

Marsh McLennan

+1 212 345 6750

sarah.dewitt@mmc.com (mailto:sarah.dewitt@mmc.com)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20220926005440/en/
(https://www.businesswire.com/news/home/20220926005440/en/)

Marsh & McLennan


Copyright Business Wire 2022