Michael G. Cherkasky, president and chief executive officer of MMC and chairman and chief executive officer of Marsh, said, "Pete has made valuable contributions to Marsh in a variety of capacities during his 25 years with the organization. Pete made this decision after careful consideration, and we wish him well. Bill and Phil are capable, experienced managers who have demonstrated their skills at Marsh. We are confident they will continue to lead the company successfully as it works with clients and insurance markets to implement its new business model." MMC is a global professional services firm with annual revenues exceeding $12 billion. It is the parent company of Marsh, the world's leading risk and insurance services firm; Guy Carpenter, the world's leading risk and reinsurance specialist; Kroll, the world's leading risk consulting company; Putnam Investments, one of the largest investment management companies in the United States; and Mercer, a major global provider of consulting services. More than 60,000 employees provide analysis, advice, and transactional capabilities to clients in over 100 countries. Its stock (ticker symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock exchanges. MMC's website address is www.mmc.com. MMC is committed to providing timely and materially accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, MMC and its operating companies use their websites to convey meaningful information about their businesses, including the anticipated release of quarterly financial results and th...

MMC Announces Management Changes at Marsh