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Cherkasky out at Marsh as performance dips

Marsh & McLennan Companies today announced today that its board of directors has initiated a search for a chief executive officer to replace Michael Cherkasky, who has served as president and chief executive officer of the company since October 2004.

The Board of directors said it is determined that a change in leadership will best enable "MMC to move forward and enhance shareholder value". Mr. Cherkasky will continue to serve as MMC's CEO while

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