Global insurance and reinsurance broker Marsh McLennan has announced that Daniel Glaser is stepping down as President and CEO and will be replaced by John Doyle next January.
Doyle has served as Group President and COO since January of this year and previously served as President and CEO of Marsh from 2017 to 2021. He brings more than three decades of management experience, after working with AIG where he held numerous executive roles.
“Dan has had an extraordinary impact on Marsh McLennan, shaping it into a modern, dynamic company,” Marsh McLennan chairman board of directors H. Edward Hanway, said. “He expanded the business into new client segments, increased revenues from $12 billion to over $20 billion and grew the Company’s colleague base.”
Glaser will also retire from the company’s board of directors.
“It’s been an honor to lead this great company,” Glaser said in a statement. “Very few 150-year-old firms are as relevant, resilient, and successful as Marsh McLennan is today. I leave with the same thought I had the day I became CEO: the best is yet to come for Marsh McLennan.”