0000062709-12-000057.txt : 20120921 0000062709-12-000057.hdr.sgml : 20120921 20120920173943 ACCESSION NUMBER: 0000062709-12-000057 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120920 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120921 DATE AS OF CHANGE: 20120920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARSH & MCLENNAN COMPANIES, INC. CENTRAL INDEX KEY: 0000062709 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 362668272 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05998 FILM NUMBER: 121102777 BUSINESS ADDRESS: STREET 1: 1166 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2123455000 MAIL ADDRESS: STREET 1: 1166 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: MARSH & MCLENNAN COMPANIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MARLENNAN CORP DATE OF NAME CHANGE: 19760505 8-K 1 form8-k09x20x2012.htm CURRENT REPORT 09-20-2012 Form 8-K 09-20-2012


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_____________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of report (Date of earliest event reported)
September 20, 2012


Marsh & McLennan Companies, Inc.
(Exact Name of Registrant as Specified in Charter)


Delaware
1-5998
36-2668272
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)


1166 Avenue of the Americas, New York, NY
10036
(Address of Principal Executive Offices)
(Zip Code)


Registrant's telephone number, including area code
(212) 345-5000


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 20, 2012, Marsh & McLennan Companies, Inc. (the “Company”) announced that Brian Duperreault, 65, will retire as the Company’s President and Chief Executive Officer at year end. Mr. Duperreault will also retire from the Company’s Board of Directors (the “Board”) concurrent with his retirement from the Company.
Daniel S. Glaser, 52, currently the Company's Group President and Chief Operating Officer, has been named Mr. Duperreault's successor and will become President and Chief Executive Officer effective January 1, 2013. In addition, Mr. Glaser will become a director of the Company effective January 1, 2013. Upon joining the Board, Mr. Glaser will serve as a member of the Board’s Executive and Finance Committees.
Mr. Glaser has served as Group President and Chief Operating Officer of the Company since April 2011, with operational and strategic oversight of both the Risk and Insurance and the Consulting segments of the Company. Prior to his current role, Mr. Glaser served as Chairman and Chief Executive Officer of Marsh Inc., a wholly-owned subsidiary of the Company. He rejoined Marsh in December 2007, after serving in senior positions in commercial insurance and insurance brokerage in the United States, Europe, and the Middle East. Prior to Marsh, he was managing director of AIG Europe (UK) Limited, a Senior Vice President of AIG, Inc., and the Chairman of AIU's strategic advisory group. He began his career at Marsh 30 years ago.
Mr. Glaser is a former Chairman of BritishAmerican Business and serves on its International Advisory Board. He is a member of the Board of Trustees of the American Institute for Chartered Property Casualty Underwriters and the Board of Trustees of Ohio Wesleyan University.
The Company's related press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.


Item 9.01    Financial Statements and Exhibits

(d)    Exhibits


99.1    Press release issued by Marsh & McLennan Companies, Inc. on September 20, 2012.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



 
MARSH & McLENNAN COMPANIES, INC.
 
 
 
 
By:
/s/ Luciana Fato
 
Name:
Luciana Fato
 
Title:
Deputy General Counsel &
 
 
Corporate Secretary



Date:    September 20, 2012


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EXHIBIT INDEX


Exhibit No.     Exhibit


99.1
Press release issued by Marsh & McLennan Companies, Inc. on September 20, 2012.



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 EX-99.1 2 ex99pressrel-ceo.htm PRESS RELEASE CEO ex99pressrel-ceo


 
Marsh & McLennan Companies, Inc.
1166 Avenue of the Americas
New York, New York 10036-2774
212 345 5000
www.mmc.com



Exhibit 99.1

NEWS RELEASE



BRIAN DUPERREAULT TO RETIRE FROM MARSH & McLENNAN COMPANIES

DANIEL S. GLASER TO BECOME PRESIDENT AND CHIEF EXECUTIVE OFFICER JANUARY 1, 2013

NEW YORK, September 20, 2012 — Marsh & McLennan Companies, Inc. (NYSE: MMC), a global professional services firm providing advice and solutions in risk, strategy and human capital, announced today that Brian Duperreault, 65, will retire as the Company’s President and Chief Executive Officer at year end. Daniel S. Glaser, 52, currently the Company's Group President and Chief Operating Officer, has been named Mr. Duperreault's successor and will become President and Chief Executive Officer effective January 1, 2013.

“We are immensely grateful to Brian for the significant turnaround the Company accomplished under his stewardship,” said Lord Lang of Monkton, Chairman of the Board of Directors of Marsh & McLennan Companies. “Among his many contributions to the Company since joining in January 2008, Brian has built a strong executive team, significantly improved the Company's operating results, and established a long-term strategy that continues to serve as the foundation for the Company's future success. There is no doubt he will leave Marsh & McLennan Companies in a much stronger position than when he arrived.

"In selecting Dan Glaser to succeed Brian, the Board recognizes Dan’s strong leadership skills and impressive accomplishments since he joined the Company as Chairman and Chief Executive Officer of Marsh in December 2007. Together, he and Brian have positioned Marsh & McLennan Companies to become an elite global enterprise."

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“It has been a privilege to serve as President and CEO of Marsh & McLennan Companies,” said Mr. Duperreault. “I am proud of what we have accomplished, largely due to the efforts of our leadership team and our dedicated colleagues around the world. Being part of the turnaround of Marsh & McLennan Companies has been one of the most gratifying aspects of my career. Dan and I have worked together very closely and I have full confidence that he will continue to capitalize on the strengths of Marsh & McLennan Companies to deliver superior value to its clients, employees and shareholders. I want to thank the Board for its unwavering support over the last few years and I look forward to completing a seamless transition to Dan by year end.”

“It’s an honor to succeed Brian as President and CEO of Marsh & McLennan Companies,” said Mr. Glaser. “I am thankful to the Board and Brian for the confidence they have shown in me, and for the work they have done to position the Company for continued growth and success. I look forward to working with our outstanding senior executive team and talented colleagues around the world as we continue to establish Marsh & McLennan Companies as an elite organization.”

Upon his retirement as President and Chief Executive Officer, Mr. Duperreault will also retire from the Company’s Board of Directors. Mr. Glaser will join the Board as a Director effective January 1, 2013.

Mr. Duperreault is an insurance industry veteran who, over the span of his nearly 40-year career, has held top leadership roles at the industry's most prominent firms. Prior to his role with Marsh & McLennan Companies, he was Chief Executive Officer of ACE Limited and a member of that company's Board of Directors. Mr. Duperreault also served in senior executive positions with AIG and its affiliates. He currently serves as Chairman of the Federal Advisory Committee on Insurance (FACI). He was inducted into the International Insurance Society's Hall of Fame in 2011.

Mr. Glaser has served as Group President and Chief Operating Officer of Marsh & McLennan Companies since April 2011, with strategic and operational oversight of both the Risk and Insurance Services and the Consulting segments of the company. Prior to his current role, Mr. Glaser served as Chairman and Chief Executive Officer of Marsh Inc. He rejoined Marsh

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in December 2007, after serving in senior positions in commercial insurance and insurance brokerage in the United States, Europe, and the Middle East. He began his career at Marsh 30 years ago. Mr. Glaser is a former Chairman of BritishAmerican Business and serves on its International Advisory Board. He is a member of the Board of Trustees of the American Institute for Chartered Property Casualty Underwriters and the Board of Trustees of Ohio Wesleyan University.

About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE: MMC) is a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. Marsh is a global leader in insurance broking and risk management; Guy Carpenter is a global leader in providing risk and reinsurance intermediary services; Mercer is a global leader in human resource consulting and related services; and Oliver Wyman is a global leader in management consulting. Marsh & McLennan Companies’ 53,000 colleagues worldwide provide analysis, advice and transactional capabilities to clients in more than 100 countries. The Company prides itself on being a responsible corporate citizen and making a positive impact in the communities in which it operates. Visit www.mmc.com for more information.


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