NEW YORK, June 8 /CNW/ - Marsh Inc., the world's leading insurance broker
and business risk advisor, today announced the appointment of Mark C. McGivney
as chief financial officer. McGivney joins the firm from the Hanover Insurance
Group, where he was senior vice president of Finance, corporate treasurer and
chief financial officer for the company's Property/Casualty business. As CFO
of Marsh, McGivney assumes responsibility for a worldwide staff of more than
McGivney joined The Hanover in 1997 as vice president of Mergers &
Acquisitions. Prior to that, he worked in investment banking in the financial
institutions sector at Merrill Lynch and Salomon Brothers. He was also a CPA
with Price Waterhouse earlier in his career.
"Mark is a dynamic leader with tremendous integrity and a proven track
record," said Brian Storms, chairman and chief executive officer of Marsh. "He
brings us a broad array of experience in all areas of finance, including
treasury, mergers and acquisitions, rating agency relationships, internal
audit and Sarbanes-Oxley. We're thrilled to have Mark join our global
"We're delighted to add someone of Mark's caliber to our Finance team,"
said Matthew Bartley, chief financial officer for Marsh's parent company, MMC.
"In addition to his strong financial background, Mark brings both insurance
market experience and a strategic skill set that will enhance Finance support
for Marsh's accelerating growth and operational transformation."
McGivney holds an M.B.A. from the University of Chicago graduate school
of business. He is also a graduate of the University of Rhode Island, where he
obtained a B.S. in Business Administration with a major in Accounting.
Marsh, the world's leading insurance broker and business risk adviser,
has 26,000 employees and provides advice and transactional capabilities to
clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies
(MMC), a global professional services firm with approximately 55,000 employees
and approximately $12 billion of annual revenues. MMC also is the parent
company of Guy Carpenter, Kroll, Mercer Human Resource Consulting, Oliver
Wyman and Putnam Investments. MMC's stock (ticker symbol: MMC) is listed on
the New York, Chicago, Pacific, and London stock exchanges. MMC's Web site is
www.mmc.com. Marsh's Web site is www.marsh.com.
For further information:
For further information: Marsh Mike Kachel, 212-345-6877