The new chief executive of Marsh & McLennan Companies will be guaranteed $3.25 million in salary and bonus, and could receive substantially more in bonus and stock options.
Brian Duperreault, 60, will receive a base salary of $1 million and bonus of not less than $2.25 million for 2008, MMC said in a Securities & Exchange Commission filing. The New York-based services firm, parent company of insurance broker Marsh, named Mr. Duperreault president and chief executive officer last Wednesday.
The bonus amounts in the future are to be determined by the compensation committee. He is eligible for annual bonus opportunities equal to 225 percent of his salary.
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.
