MMC reveals new COO, Marsh/Guy Carpenter CEOs amid executive reshuffling

Re/insurance broker  Marsh McLennan (MMC) has shuffled its executive ranks to help drive the next phase of its growth. Chief executive Dan Glaser (pictured) says the business is now “well-positioned” for the future.

Effective January 2022, John Doyle will become group president and chief operating officer (COO) of Marsh McLennan and will continue as vice chair of the company, with Martin South and Dean Klisura named president and chief executive officer (CEO) of Marsh and Guy Carpenter, respectively.

Doyle is currently president and CEO of Marsh, a position he assumed in 2017. In his new role, he will work closely with the group president and CEO Dan Glaser to realise the enterprise’s overall strategic business and operational objectives. The CEOs of Marsh, Guy Carpenter, Mercer and Oliver Wyman will report to Doyle, while he will report to Glaser.

South, president of Marsh US and Canada, will succeed Doyle as president and CEO of Marsh. He was also appointed vice chair of Marsh McLennan and will join Marsh McLennan’s executive committee. He has more than 30 years of global insurance experience, including serving as CEO for Marsh’s Asia-Pacific region, Marsh UK & Ireland and Marsh Europe.

Klisura, president of Guy Carpenter, will also become CEO of the reinsurance broker, succeeding Peter Hearn. He was also appointed vice chair of Marsh McLennan and will succeed Hearn on Marsh McLennan’s executive committee. Klisura had been with Marsh for nearly 30 years, serving in executive leadership roles in Marsh’s Global Placement and Advisory Services and Global Specialties businesses before joining Guy Carpenter last year.

Meanwhile, Hearn, currently CEO of Guy Carpenter, will continue in his role as vice chair of Marsh McLennan, focusing on sales and colleague development initiatives. Hearn will continue to report to Glaser.

Dominic Burke, vice chair of Marsh McLennan, will retire in mid-January. Burke, former CEO of Jardine Lloyd Thompson (JLT), joined Marsh McLennan following its acquisition of JLT in 2019.

Glaser said: “John has been an indispensable partner to me and a critical part of our company’s success,” said Mr. Glaser. “ Marsh has thrived under his leadership, experiencing several years of accelerated revenue growth and record new business. He’s established at Marsh an even stronger culture of colleague engagement, inclusion and diversity. With John in this new role, we’ll have additional leadership focus on our strategic and operational priorities across the enterprise, giving us the ability to unlock more potential across our organisation.”

He added: “On behalf of the entire company I want to express my deep gratitude to Dominic for his leadership, which ensured our combination with JLT, the largest acquisition in our company’s history, was a win for our clients, for our company, and for our colleagues.

“I also want to thank Peter for his exceptional leadership of Guy Carpenter. During his tenure, Guy Carpenter has achieved record financial performance and cultivated a strong company culture with colleagues’ professional success and personal fulfillment a consistent priority. We are looking forward to the contributions he will continue to make to Marsh McLennan as Vice Chair.”

Glaser concluded: “Today, we are a stronger and more dynamic company, well-positioned for the future. In their new roles, these leaders will help us achieve the next phase of our growth and realize the vast possibility that we have created for our clients, colleagues and the communities in which we live and work.”

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