Michael G. Cherkasky, Marsh & McLennan Companies' embattled chief executive officer, will be leaving the company after his replacement is found, the firm announced.
The professional services company, parent of Marsh insurance brokerage, said this morning that the board of directors has initiated a search to replace Mr. Cherkasky, who became president and chief executive officer in Oct. 2004.
In a statement the company said the board “has determined a change in leadership will best enable MMC to move forward and enhance shareholder value.
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.
