NU Online News Service, May 1, 4:34 p.m. EDT
Three Marsh & McLennan executives promoted by the company in April will receive $1 million stock options each for their new jobs.
Dan S. Glaser, Peter Zaffino and Alexander S. Moczarski will receive $1 million grant of stock units scheduled to vest on May 15, 2014 “in connection with their increased responsibilities,” according to a filing with the Securities & Exchange Commission.
The New York-based professional services firm, and parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, announced the promotion of the three executives in April.
Glaser, 50, was named to the new position of group president and chief operating officer of Marsh & McLennan.
Zaffino, 44, was named president and CEO of Marsh replacing Glaser.
Moczarski, 55, was named president and CEO of Guy Carpenter replacing Zaffino.
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