Marsh & McLennan Companies Inc. said that Matthew B. Bartley, the firm's executive vice president and chief financial officer, plans to leave the firm and a search is on for his replacement.
The announcement, made today, said Mr. Bartley intends to remain with MMC to help ensure an orderly transition to his successor.
"Matt has made invaluable contributions to MMC during his seven years with the firm," said Brian Duperreault, president and CEO of MMC. "He helped navigate the firm through exceptionally challenging times and was instrumental in bolstering MMC's financial strength and liquidity. We are grateful for his professionalism, his long-standing commitment to this organization and his leadership of a first-class finance team."
Mr. Bartley said in a statement: "I am proud of the significant strides we have made in recent years to restore MMC's financial health and to position the company for future growth. I have great confidence that MMC is now firmly on the road to success."
Mr. Bartley joined MMC as vice president and treasurer in 2001 and was named MMC's CFO in 2006. Previously, he served for 10 years in senior international treasury and tax positions at PepsiCo Inc., where he was responsible for global strategic transaction planning and execution across international businesses. He was vice president of Taxes at Engelhard Corporation, a multinational specialty chemicals and precious metals company.
New York-based services firm MMC is the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter.
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