Former ACE man, Brian Duperreault, appointed as president and chief executive officer of MMC
Marsh & McLennan Companies has appointed Brian Duperreault as president and chief executive officer of MMC.
From 1994 to 2004, Duperreault served as chief executive of ACE, the Bermuda-based insurer MMC helped found in 1985. He then served as chairman of the board from 2004 to 2007.
During his tenure at ACE, the company's market capitalization grew from $1.1bn to approximately $19bn today.
“Throughout his career, including 10 years as a CEO, Brian Duperreault has proven his ability to produce results and create shareholder value. We are delighted to welcome him to MMC.
Stephen R. Hardis, chairman of MMC's board of directors
Prior to ACE, Duperreault was with AIG for more than 20 years.
Commenting on the appointment, Stephen R. Hardis, chairman of MMC's board of directors, said: "Throughout his career, including 10 years as a CEO, Brian Duperreault has proven his ability to produce results and create shareholder value. We are delighted to welcome him to MMC."
Duperreault said: "I am honored to become the CEO of MMC, a company that comprises several of the world's greatest brands in risk & insurance services and consulting. I look forward to working with the company's talented executives. This is an institution with unrivaled resources and capabilities. My mission is to capitalize on the strength of MMC's operating companies to deliver value to clients, employees and shareholders."
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