Marsh & McLennan (NYSE: MMC) expands Mark McGivney’s role to EVP, COO & CFO
Rhea-AI Filing Summary
Marsh & McLennan Companies appointed Mark McGivney as Executive Vice President, Chief Operating Officer & Chief Financial Officer, effective April 15, 2026. This expands his role beyond his long-standing position as CFO at Marsh.
In connection with the promotion, his annual base salary will be $1,250,000, with an annual bonus target of $3,450,000 starting with the 2026 performance year and a long-term incentive award target of $6,300,000 beginning with the 2027 grant cycle. He will also receive a $10 million grant of stock units on May 1, 2026, vesting in three equal annual installments starting May 15, 2027. The company highlights his nearly 20-year tenure and prior senior finance and operating roles across the firm.
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Insights
Marsh & McLennan consolidates key operating and financial roles under an experienced internal leader.
The company is elevating long-time finance executive Mark McGivney to a combined Executive Vice President, Chief Operating Officer & Chief Financial Officer role effective April 15, 2026. His expanded mandate includes leading inorganic strategies and coordinating firm-wide strategic initiatives.
The compensation package pairs a $1,250,000 base salary with a sizeable bonus target of $3,450,000 and long-term incentives of $6,300,000, plus a one-time $10 million stock unit grant vesting over three years. This structure emphasizes equity-based pay, aligning a large portion of his compensation with long-term company performance.
The filing presents this as a leadership continuity move, drawing on McGivney’s nearly 20-year tenure and multiple senior roles. The real impact will depend on how effectively he balances the combined CFO and COO responsibilities while executing on inorganic growth and cross-business priorities described for the Marsh Executive Committee.
8-K Event Classification
Key Figures
Key Terms
long-term incentive award financial
stock units financial
Executive Vice President financial
Chief Operating Officer financial
inorganic strategies financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On April 14, 2026, Marsh & McLennan Companies, Inc. (the “Company”) announced that effective April 15, Mark McGivney will be appointed Executive Vice President, Chief Operating Officer & Chief Financial Officer. Mr. McGivney has served as Senior Vice President and Chief Financial Officer of Marsh since January 2016.
On April 8, 2026, in connection with his increased responsibilities, the Compensation Committee of the Company’s Board of Directors approved the terms of Mr. McGivney’s employment as Executive Vice President, Chief Operating Officer & Chief Financial Officer. Effective April 15, 2026, Mr. McGivney will receive an annual base salary of $1,250,000. Mr. McGivney will be eligible for an annual bonus with a target of $3,450,000 commencing with the 2026 performance year (awarded in February 2027). Mr. McGivney will be eligible for a long-term incentive award with a target value of $6,300,000 commencing with the award to be made in 2027. Mr. McGivney will also receive a $10 million grant of stock units on May 1, 2026 that is scheduled to vest in three equal annual installments beginning May 15, 2027.
A copy of the press release relating to Mr. McGivney’s appointment is attached hereto as Exhibit 99.1 and incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
99.1 Press release issued by Marsh & McLennan Companies, Inc. on April 14, 2026
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MARSH & McLENNAN COMPANIES, INC. | ||
| By: | /s/ Connor Kuratek | |
| Name: | Connor Kuratek | |
| Title: | Deputy General Counsel and Corporate Secretary | |
Date: April 14, 2026
Exhibit 99.1
News release |
Marsh
+1 212 345 5000 |
| Media contact: | Investor contact: |
Erick
Gustafson Erick.Gustafson@marsh.com |
Jay
Gelb Jay.Gelb@marsh.com |
Marsh appoints Mark McGivney as Executive Vice President and Chief Operating Officer in addition to Chief Financial Officer
NEW YORK, April 14, 2026 – Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, today announced that Mark McGivney, Marsh’s Chief Financial Officer, will assume additional roles as Executive Vice President and Chief Operating Officer of the firm. These changes are effective April 15.
Commenting on the appointment, Marsh CEO John Doyle said, “Mark has been instrumental in the success and performance of Marsh for nearly 20 years. As CFO, he supported the design and execution of our strategy, and in his expanded role, he will help drive forward company priorities at an even greater pace and scale in a complex macroenvironment. I look forward to his continued contributions.”
Mr. McGivney will support John Doyle and the Marsh Executive Committee in evolving and accelerating the firm’s strategy, particularly where initiatives span businesses. He will lead the company’s inorganic strategies and ensure execution of top priorities. The Marsh Executive Committee will continue to report to Mr. Doyle.
Mark McGivney, who has been Marsh’s Chief Financial Officer for over a decade, joined the company in 2007 and has held several senior roles across the firm. He served as Senior Vice President of Corporate Finance, Chief Operating Officer and Chief Financial Officer of Mercer, and Chief Financial Officer of Marsh Risk, before becoming Senior Vice President and Chief Financial Officer of Marsh in January 2016. He holds an MBA from the University of Chicago Graduate School of Business and a BS in accounting from the University of Rhode Island.
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