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Get filing alertsMarsh & McLennan promotes Mark McGivney to EVP, COO & CFO with $10M stock grant
Filed April 14, 2026 · Period ending April 8, 2026 · ~1 min read
Key Changes
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Mark McGivney appointed Executive Vice President, Chief Operating Officer & Chief Financial Officer effective April 15, 2026. He previously served as CFO of subsidiary Marsh since 2016.
Item 5.02 verify on EDGAR → -
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McGivney receives $10 million stock unit grant on May 1, 2026, vesting in three equal annual installments starting May 15, 2027.
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Total compensation package includes $1.25M base salary, $3.45M annual bonus target, and $6.3M long-term incentive target starting 2027.
Item 5.02 verify on EDGAR →
Summary
Marsh & McLennan Companies promoted Mark McGivney to a dual executive role combining Chief Operating Officer and Chief Financial Officer responsibilities, effective April 15, 2026. McGivney has been CFO of Marsh, the company's flagship subsidiary, since January 2016, bringing a decade of internal financial leadership experience to the parent company level.
The promotion represents a consolidation of operational and financial oversight under a single executive. The compensation package signals the board's confidence in McGivney's expanded role. The $10 million upfront stock grant, vesting over three years, aligns his interests with long-term shareholder value and provides retention incentive during a critical transition period.
His total target compensation exceeds $11 million annually when including base salary, bonus, and long-term incentives. Retail investors should monitor how McGivney balances dual COO/CFO responsibilities and whether the company eventually separates these roles. Watch for McGivney's first earnings call as CFO and any strategic shifts in capital allocation or operational efficiency initiatives he may champion.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
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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.
Mark McGivney, who has been CFO of Marsh (a subsidiary) since 2016, is being promoted to Executive Vice President, Chief Operating Officer & Chief Financial Officer of the parent company Marsh & McLennan Companies, effective April 15, 2026. This represents both a CFO appointment at the parent level and an expanded COO role.
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Effective April 15, 2026, Mr. McGivney will receive an annual base salary of $1,250,000.
McGivney's annual base salary in his new role will be $1,250,000, effective April 15, 2026.
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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).
McGivney's target annual bonus is set at $3,450,000, beginning with the 2026 performance year (to be paid in February 2027).
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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.
McGivney will be eligible for long-term incentive awards with a target value of $6,300,000, starting with the 2027 award cycle.
Event · Item 9.01 — Financial Statements and Exhibits
Marsh & McLennan filed an 8-K to attach a press release issued April 14, 2026; no material business event disclosed in the filing body.
Show 1 minor / wording change
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99.1 Press release issued by Marsh & McLennan Companies, Inc. on April 14, 2026
The company filed an 8-K solely to attach a press release dated April 14, 2026 as Exhibit 99.1. The filing body provides no details about the press release content, so the nature and materiality of the disclosure cannot be determined from this 8-K alone.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify