Ed Hanway to Succeed Lord Ian Lang as Independent Chairman of the MMC Board of Directors in May 2016
November 19 2015 - 12:44PM
Business Wire
The Board of Directors of Marsh & McLennan Companies, Inc.
(NYSE:MMC), announced today that H. Edward (“Ed”) Hanway will
succeed Lord Ian Lang as Independent Chairman of the Company’s
Board of Directors when Lord Lang retires from the Board in May
2016, in accordance with the mandatory retirement age provision in
the Company’s corporate governance guidelines.
Lord Lang, who joined the Marsh & McLennan Board in 1997,
has served as Independent Chairman since May 2011. In addition to
serving as Chair of the Board’s Executive Committee, he also serves
on the Compensation, Directors and Governance, and Finance
Committees.
Commenting on his upcoming retirement, Lord Lang said: “It has
been a tremendous privilege to serve on the Marsh & McLennan
Companies Board of Directors since 1997 and a particular honor to
serve as Chairman. I am grateful to my fellow board members, to our
talented management team and to our 58,000 employees for their hard
work and commitment to this great Company. I am particularly proud
of the value that we have created for our shareholders and am
confident that Ed Hanway will make an excellent Independent
Chairman when he assumes the post next May.”
Mr. Hanway, age 63, joined the Marsh & McLennan Board of
Directors in 2010. He currently chairs the Compensation Committee
and serves on the Executive and Finance Committees. He was Chairman
and Chief Executive Officer of CIGNA Corporation from 2000 to the
end of 2009.
“I am honored to become Independent Chairman of the Board and to
serve with such accomplished Directors,” commented Mr. Hanway.
“Ian’s service for 19 years, including as Chairman since 2011,
spanned an important period in Marsh & McLennan’s history. I
look forward to helping Marsh & McLennan deliver continued
value for shareholders.”
From 1999 to 2000, Mr. Hanway served as President and Chief
Operating Officer of CIGNA. From 1996 to 1999, he was President of
CIGNA HealthCare, and from 1989 to 1996 was President of CIGNA
International. He is a former Member of the Board of Directors of
America's Health Insurance Plans (AHIP). He is also a past Chairman
of the Council on Affordable Quality Healthcare (CAQH). A graduate
of Loyola University Maryland, Mr. Hanway and his wife, Ellen,
endowed the Hanway Lecture in Global Studies at Loyola University
Maryland, which brings noteworthy leaders to campus to share
timely, relevant insights into today’s global society.
Mr. Hanway serves as Chairman of Faith in the Future, an
independent foundation focused on strengthening Catholic schools
through a partnership with the Archdiocese of Philadelphia.
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE:MMC) is a global
professional services firm offering clients advice and solutions in
the areas of risk, strategy and people. Marsh is a leader in
insurance broking and risk management; Guy Carpenter is a leader in
providing risk and reinsurance intermediary services; Mercer is a
leader in talent, health, retirement and investment consulting; and
Oliver Wyman is a leader in management consulting. With annual
revenue of $13 billion and 58,000 colleagues worldwide, Marsh &
McLennan Companies provides analysis, advice and transactional
capabilities to clients in more than 130 countries. The Company is
committed to being a responsible corporate citizen and making a
positive impact in the communities in which it operates. Visit
www.mmc.com for more information and follow us on LinkedIn and
Twitter @MMC_Global.
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version on businesswire.com: http://www.businesswire.com/news/home/20151119006383/en/
Media:Marsh & McLennan CompaniesEdward L. Dandridge,
+1 212-345-9751ed.dandridge@mmc.comorInvestors:Marsh &
McLennan CompaniesKeith Walsh, +1
212-345-0057keith.walsh@mmc.com
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