Former prosecutor to head up MMC for at least three years
Adding a note of stability during a turbulent era in the insurance brokerage industry, Michael G. Cherkasky last week signed on to continue heading up Marsh & McLennan Companies Inc. for at least the next three years.
Mr. Cherkasky agreed to stay on as president and chief executive officer of the troubled firm, signing a three-year contract with MMC worth $1 million in base salary and potentially millions in annual bonuses over the life of the deal.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
