Marsh & McLennan Promotes Mark McGivney to Executive VP, COO & CFO with Expanded Compensation

summarizeSummary

Marsh & McLennan announced the promotion of Mark McGivney to Executive Vice President, Chief Operating Officer & Chief Financial Officer, effective April 15, 2026, reflecting expanded responsibilities and a significant compensation package.

check_boxKey Events

• Key Executive Promotion

  Mark McGivney, previously CFO of Marsh, has been promoted to Executive Vice President, Chief Operating Officer & Chief Financial Officer for Marsh & McLennan Companies, effective April 15, 2026.

• Expanded Responsibilities

  In his new dual role, Mr. McGivney will support the CEO and Executive Committee in evolving and accelerating the firm's strategy, leading inorganic strategies and ensuring execution of top priorities.

• Significant Compensation Package

  His new compensation includes an annual base salary of $1.25 million, an annual bonus target of $3.45 million, a long-term incentive target of $6.3 million, and a $10 million stock unit grant vesting over three years.

auto_awesomeAnalysis

This filing details a key leadership change at Marsh & McLennan, promoting long-serving CFO Mark McGivney to the dual role of Executive Vice President, Chief Operating Officer, and Chief Financial Officer. This expanded role for an internal executive signals continuity in leadership and a strategic focus on driving company priorities and inorganic strategies. The substantial compensation package, including a $10 million stock unit grant, aligns with the increased responsibilities and importance of this combined position within the large-cap firm.