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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.”