This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Brian Duperreault To Retire From Marsh & McLennan Companies

Marsh & McLennan Companies, Inc. (NYSE: MMC), a global professional services firm providing advice and solutions in risk, strategy and human capital, announced today that Brian Duperreault, 65, will retire as the Company’s President and Chief Executive Officer at year end. Daniel S. Glaser, 52, currently the Company's Group President and Chief Operating Officer, has been named Mr. Duperreault's successor and will become President and Chief Executive Officer effective January 1, 2013.

“We are immensely grateful to Brian for the significant turnaround the Company accomplished under his stewardship,” said Lord Lang of Monkton, Chairman of the Board of Directors of Marsh & McLennan Companies. “Among his many contributions to the Company since joining in January 2008, Brian has built a strong executive team, significantly improved the Company's operating results, and established a long-term strategy that continues to serve as the foundation for the Company's future success. There is no doubt he will leave Marsh & McLennan Companies in a much stronger position than when he arrived.

"In selecting Dan Glaser to succeed Brian, the Board recognizes Dan’s strong leadership skills and impressive accomplishments since he joined the Company as Chairman and Chief Executive Officer of Marsh in December 2007. Together, he and Brian have positioned Marsh & McLennan Companies to become an elite global enterprise."

“It has been a privilege to serve as President and CEO of Marsh & McLennan Companies,” said Mr. Duperreault. “I am proud of what we have accomplished, largely due to the efforts of our leadership team and our dedicated colleagues around the world. Being part of the turnaround of Marsh & McLennan Companies has been one of the most gratifying aspects of my career. Dan and I have worked together very closely and I have full confidence that he will continue to capitalize on the strengths of Marsh & McLennan Companies to deliver superior value to its clients, employees and shareholders. I want to thank the Board for its unwavering support over the last few years and I look forward to completing a seamless transition to Dan by year end.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs