No reasons are given as Marsh CEO steps down effective immediately
Marsh & McLennan has announced that Brian Storms is stepping down from his position as chief executive officer of Marsh, effective immediately. The search for a successor is already underway.
In the interim, Michael Cherkasky, president and chief executive officer of 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.”
Cherkasky continued, “I remain confident about the future of Marsh and MMC. Insurance broking is at the heart of Marsh and always will be. Our people, services and clients have made us the leading insurance broker in the world. In addition, the other businesses of MMC – Mercer, Kroll, Guy Carpenter and Oliver Wyman – are important pillars for our performance as we work to complete the recovery of Marsh.”
