Brian Duperreault, who helped build a behemoth in Bermuda as chief executive officer of ACE Ltd. after over two decades at AIG, was tapped last week to help turn around another industry giant–Marsh and McLennan Companies Inc.
New York-based MMC said Mr. Duperreault's appointment as president and CEO was immediate. He left his post as a member of the board at ACE to join MMC.
News that Mr. Duperreault would be leading the troubled MMC was roundly applauded by analysts, who have been highly critical of the management of his predecessor as CEO, Michael G. Cherkasky.
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