New York — Marsh & McLennan Cos. Inc. has named former ACE Ltd. CEO Brian Duperreault as president and CEO of MMC. Duperreault, who retired from Hamilton, Bermuda-based ACE in 2006, succeeds Michael Cherkasky in the lead role at MMC. The New York-based company announced last month it was seeking to replace Cherkasky, citing a need for new leadership amid disappointing financial results.
“Throughout his career, including 10 years as a CEO, Brian Duperreault has proven his ability to produce results and create shareholder value,” Stephen Hardis, chairman of MMC’s board, said in a statement. “We are delighted to welcome him to MMC.”
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