Michael Cherkasky, president and chief executive officer of Marsh & McLennan Companies Inc. (MMC), announced that Brian Storms has been named chairman and chief executive officer of Marsh Inc., its risk and insurance services subsidiary, and that E. Michael Caulfield has been appointed president of Mercer Human Resources Consulting.
Storms, who served most recently as president and chief executive
officer of Mercer Human Resource Consulting, succeeds Cherkasky, who continues as president and chief executive officer of MMC. Caulfield, formerly chief operating officer of Mercer Human Resource
Consulting, succeeds Storms as president of the firm.
Cherkasky noted, “With Marsh making progress in its recovery, it is
time for me to dedicate my full attention to refining and implementing
MMC’s overall growth strategy and to creating value for MMC’s clients
and shareholders by bringing together our full portfolio of capabilities
to serve our clients’ complex, global needs.”
Storms, 50, has extensive experience in business development,
client relations, marketing, operations, product development, and
international management in the financial services industry.
Before joining MMC as vice chairman of Mercer Human Resource Consulting in August 2004, Storms served as president and chief executive officer of UBS Global Asset Management, Americas.
As chief operating officer of Mercer Human Resource Consulting,
Caulfield, 58, was responsible for coordinating and globalizing core
operating processes and for compliance, finance, human resources,
information technology, and legal functions.
Caulfield has more than 30 years’ experience in financial services, including having served as executive vice president, Finance Management, of the Prudential Insurance Company of America and chief executive officer of Prudential Investments and as a member of the Board of Directors of UnumProvident Corporation.
Was this article valuable?
Here are more articles you may enjoy.