Marsh & McLennan Companies, Inc. (MMC) has announced that President and Chief Executive Officer Brian Duperreault is to step down at the end of the year.
Group President and Chief Operating Officer Daniel S. Glaser has been named as Duperreault’s successor, with effect from 1 January 2013.
Chairman of the Board of Directors Lord Lang of Monkton said that MMC was immensely grateful to Duperreault for the turn-around of the company that was achieved under his stewardship.
Lord Lang went on to say that there was no doubt that Duperreault left the firm in a stronger position than when he arrived.
Duperreault himself described serving as CEO and president as a privilege and said that he was proud of what had been accomplished.
He also expressed his full confidence in Glaser’s ability to capitalise upon MMC’s strengths and thanked the Board for its unwavering support.