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Jeffrey W. Greenberg has been elected chairman of Marsh & McLennan Companies, succeeding A.J.C. Smith, who is retiring but will retain a seat on the company’s board.
Greenberg, 48, became president of MMC in January 1999 and chief executive officer in November 1999. MMC made the announcement of Greenberg’s election at its annual meeting Thursday.
Also announced was the shareholder election of two new board members, Mathis Cabiallavetta and Charles A. Davis. Cabiallavetta, 55, joined MMC in April 1999 as vice chairman. He was subsequently appointed chairman of MMC Europe. Davis, 51, was appointed vice chairman of MMC in September 1999. He has served as president of Marsh & McLennan Capital since 1998 and as its chief executive officer since 1999.
Reelected to the board of directors were Peter Coster, Gwendolyn S. King, Lawrence J. Lasser, David A. Olsen and John T. Sinnott.