Marsh & McLennan. Marsh & McLennan Names New Mercer CEO and MMC Vice Chairman
January 17 2019 - 2:00AM
UK Regulatory
TIDMMHM
Marsh & McLennan Companies (NYSE: MMC), the world's leading
expert in risk, strategy and people, today announced key leadership
changes to further its growth strategy. Martine Ferland has been
appointed to the role of President and Chief Executive Officer of
Mercer effective March 1, 2019. Mercer is the global consulting
leader advancing the health, wealth and careers of more than 115
million people around the world. In her new role, Ms. Ferland will
report to Marsh & McLennan's President and CEO, Dan Glaser, and
join the company's Executive Committee.
Dan Glaser commented, "Martine is a talented executive who
possesses broad global experience and a proven record of success.
Her deep understanding of our business and clients, and more than
30 years of experience across the health, wealth and career
spectrum, has uniquely prepared her for the challenge." Ms. Ferland
joined Mercer in 2011 as Retirement Business Leader for Europe and
Pacific Region. She then served as Europe and Pacific Region
President and Co-President, Global Health, before being named
Mercer Group President.
Julio A. Portalatin, who served with distinction as Mercer's
President and CEO for seven years, will become a Vice Chairman of
Marsh & McLennan Companies. In this new role, he will continue
to report to Mr. Glaser.
Mr. Glaser described Mr. Portalatin's time leading Mercer,
"Julio energized Mercer colleagues and brought our mission and
values to life through the work we do. He oversaw a major
repositioning of the business that resulted in Mercer's operating
income nearly doubling and assets under delegated management
increasing fivefold. Julio's legacy with Mercer is one of focused
execution, impressive financial performance, and colleague
development. I'm pleased the company will continue to benefit from
his advice and counsel."
About Marsh & McLennan Companies
Marsh & McLennan (NYSE: MMC) is the world's leading
professional services firm in the areas of risk, strategy and
people. The company's approximately 65,000 colleagues advise
clients in over 130 countries. With annual revenue over $14
billion, Marsh & McLennan helps clients navigate an
increasingly dynamic and complex environment through four
market-leading firms. Marsh advises individual and commercial
clients of all sizes on insurance broking and innovative risk
management solutions. Guy Carpenter develops advanced risk,
reinsurance and capital strategies that help clients grow
profitably and pursue emerging opportunities. Mercer delivers
advice and technology-driven solutions that help organizations meet
the health, wealth and career needs of a changing workforce. Oliver
Wyman serves as a critical strategic, economic and brand advisor to
private sector and governmental clients. For more information,
visit mmc.com, follow us on LinkedIn and Twitter @mmc_global or
subscribe to BRINK.
Media:Erick R. GustafsonMarsh & McLennan Companies+1 202 263
7788erick.gustafson@mmc.comInvestors:Dan FarrellMarsh &
McLennan Companies+1 212 345 3713daniel.farrell@mmc.com
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January 17, 2019 02:00 ET (07:00 GMT)
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