S&P: Marsh & McLennan stable

Standard & Poor's said its ratings on Marsh & McLennan Cos. are not affected by the announced departure of its chief financial officer, Vanessa Wittman.

According to S&P, Michael Bischoff, the company's vice president in corporate finance, will assume the role of chief financial officer on an interim basis until a replacement is found.

The agency said it does not believe this management change is a concern given the solid management team in place at the executive and operating company level under the leadership of the company's chief executive officer, Brian Duperreault.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.