Brian M. Storms, the chief executive officer of mega-broker Marsh, has stepped down in what analysts say is a sign of continued turmoil within the firm as it struggles to regroup from the fallout of probes into alleged bid-rigging and contingency fee abuse.
Late in the day on Friday, Sept. 14, New York-based Marsh & McLennan Companies Inc. put out a release to announce that Mr. Storms' departure was effective immediately, and that a search for a successor is underway.
In the interim, Michael G. Cherkasky, president and chief executive officer of MMC, will serve as acting CEO of Marsh.
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