- Push-out Score determined
- After 10 years in the position
- Accolades, praise and thanks for Glaser
- John Doyle taking over
- Glaser said 95 words
(exechange) — New York, September 26, 2022 — Dan Glaser, chief executive of Marsh & McLennan, leaves. As announced by Marsh & McLennan Cos. in a news release and in a regulatory filing published on Monday, September 26, 2022, Daniel S. (Dan) Glaser leaves his post as chief executive officer at the insurance broker and benefits firm, after 10 years in the role, effective December 31, 2022.
Dan Glaser’s duties as CEO will be taken over by John Q. Doyle, currently Group President and Chief Operating Officer at Marsh & McLennan Cos.
No reason given
In the announcement, Marsh & McLennan did not explicitly explain the reason for the move.
Precise information regarding Dan Glaser’s future plans was not immediately available.
Marsh & McLennan said: “Daniel S. Glaser, 62, will retire from Marsh McLennan at year end following a decade leading the Company through a period of extraordinary growth and change.”
Marsh & McLennan further said: “On September 23, 2022, Daniel S. Glaser, 62, informed the Board of Directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) of his intention to retire as the Company’s President and Chief Executive Officer at the end of the year. Mr. Glaser will also retire from the Company’s Board concurrent with his retirement from the Company.”
Share price increase since January 2013
The announcement follows an increase in Marsh & McLennan Cos.’s share price of 326% since January 2013. January 2013 is the month in which Glaser’s tenure as CEO began.
In the position of CEO since 2013
Dan Glaser became CEO of the Company in 2013.
Glaser is President and Chief Executive Officer of Marsh McLennan.
Prior to starting his current role in January 2013, Glaser served as Group President and Chief Operating Officer of the Company.
He rejoined Marsh McLennan in December 2007 as Chairman and Chief Executive Officer of Marsh, returning to the firm where he had begun his career right out of university in 1982.
Glaser is an insurance industry veteran who has held senior positions in commercial insurance and insurance brokerage, working in the United States, Europe and the Middle East.
Glaser serves as the Chairman of the U.S. Federal Advisory Committee on Insurance (FACI).
He is a member of the Board of Trustees for The Institutes and the Board of Directors for the Partnership for New York City.
He is also the Co-Chair of the International Advisory Board for BritishAmerican Business.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dan Glaser’s move on a scale of 0 to 10.
exechange reached out to Marsh & McLennan and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 40.2022 ($).