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NU Online News Service, Oct. 25, 7:34 p.m. EDT — Jeffrey W. Greenberg, the chief executive officer of scandal-hit Marsh & McLennan Companies Inc., resigned from that post today to be replaced by Michael G. Cherkasky, a former prosecutor.

The board of directors’ announcement of Mr. Greenberg’s departure and Mr. Cherkasky’s second recent elevation in the company’s ranks came 12 days after MMC was hit by New York Attorney General Eliot Spitzer with a civil suit charging fraud and bid rigging. The announcement did not disclose what compensation arrangement there will be for Mr. Greenberg.

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