MARSH & MCLENNAN COMPANIES, INC. 8-K

What Happened Marsh & McLennan Companies, Inc. announced in an 8‑K filed April 14, 2026 that Mark McGivney will be appointed Executive Vice President, Chief Operating Officer & Chief Financial Officer effective April 15, 2026. McGivney has served as Senior Vice President and Chief Financial Officer of Marsh since January 2016. The company’s Compensation Committee approved his new employment terms on April 8, 2026.

Key Details

• Effective date: April 15, 2026 (appointment announced April 14, 2026).
• Base salary: $1,250,000 per year.
• Annual bonus: eligible with a target of $3,450,000 beginning with the 2026 performance year (awarded in Feb 2027).
• Long-term incentive: target value of $6,300,000 starting with the 2027 award.
• Special equity grant: $10 million in stock units to be granted May 1, 2026, vesting in three equal annual installments beginning May 15, 2027.
• Prior role: SVP & CFO of Marsh since January 2016.

Why It Matters This is a senior internal promotion combining COO and CFO responsibilities, signaling continuity in leadership and formalizing expanded duties for a long‑time Marsh executive. The compensation package (higher pay, sizable long‑term awards and a $10M stock‑unit grant) reflects increased responsibility and will affect executive compensation expense and outstanding equity over time. Investors should note timing and size of equity awards for potential dilution and executive alignment with long‑term performance.