九色

Storms Out as Marsh CEO

September 15, 2007

Brian M. Storms is stepping down from his position as chief executive officer of insurance broker Marsh Inc.

The company said the search for a successor is already underway. In the interim, Michael G. Cherkasky, president and chief executive officer of parent Marsh & McLennan Companies, Inc. (MMC) , will serve as Acting CEO of Marsh.

“Brian has made important contributions to Marsh’s recovery over the past two years,” Cherkasky said. “Our long-term strategy is sound and a solid foundation has been built. That said, we now need a different set of leadership and operational skills to complete the successful transformation of Marsh.”

Source: MMC
www.mmc.com

Topics Windstorm

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Latest Comments

  • September 18, 2007 at 1:50 am
    Mr. Obvious says:
    They will just replace this crook with another. He'll spend most of his time negotiating deals with AG's and then convince company CEO's that all of the changes are needed. Fe... read more
  • September 17, 2007 at 3:16 am
    David says:
    I dont get it, this guy Storms out of the room? How is that news?
  • September 17, 2007 at 1:09 am
    Sheds No Tears says:
    With these guys, it's kind of like shuffling the deck chairs on the Titanic, with one single exception. They normally walk away with huge serverence packages (and it doesn't ... read more

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