Marsh elects Spitzer investigation team as Greenberg resigns
The board of directors of Marsh & McLennan Companies has undergone a series of actions which it claims are “designed to enable the company to resolve its legal and regulatory issues while continuing to provide high-quality service to its clients”. The MMC board has also accepted the resignation of chairman and chief executive officer Jeffrey W Greenberg and named Michael G Cherkasky as president and chief executive officer of the company and elected him to the board of directors.
Mr Cherkasky will also continue in his current role as chairman and chief executive officer of the company's risk and insurance services subsidiary Marsh Inc.The company said it plans to announce
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