Senior appointments unveiled as business splits into US/Canada and International regions
Marsh has announced changes to its global organizational structure as well as several senior management appointments.
The move follows the departure of President and chief executive of Marsh's parent company MMC, Michael Cherkasky, two weeks ago.
Key components of the reorganization are:
• Marsh's global insurance broking business will be consolidated into two geographic divisions: US/Canada and International.
Joseph M. McSweeny, most recently of Willis, will serve as President of the US/Canada division.
• Alexander Moczarski, currently chief executive officer of the Europe, Middle East and Africa (EMEA) region, has been named President of the International Division. He will relocate to New York from London.
• Alexander W. (Sandy) Vietor, who joined Marsh in December, will serve as president of Marsh's Global Specialties.
• Timothy J. Mahoney will lead the enhanced Global Risk Management (GRM) unit, into which the industry practices will now report.
• Henry S. Allen continues to lead the Global Consumer Division as President.
These executives report directly to Daniel S. Glaser, chief executive of Marsh, who was appointed last month.
He said: "Simplifying the current structure will enable Marsh to reduce complexity and improve efficiencies within the organization."
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