Sign in

    John Q. Doyle

    President and Chief Executive Officer at Marsh & McLennan Companies Inc
    Since January 1, 2023
    Age
    61 years
    Tenure
    Joined MMC in 2016 as President of Marsh, served as Marsh's CEO from 2017 to 2021, advanced to Group President and COO from 2021 to 2022, and assumed the role of President and CEO on January 1, 2023.

    Also at Marsh & McLennan Companies Inc

    CF
    Carmen Fernandez
    Senior Vice President and Chief People Officer
    JJ
    John Jones
    Chief Marketing and Communications Officer
    KJB
    Katherine J. Brennan
    Senior Vice President and General Counsel

    About

    John Q. Doyle is a seasoned executive with 61 years of life experience as of February 2025. He has built a long career spanning over 35 years in the insurance and financial services industry, which has equipped him with deep operational and strategic insights.

    Beginning his journey at MMC in 2016, he joined as President of Marsh and quickly rose through several leadership positions. He led Marsh as its CEO from 2017 to 2021, served as Group President and Chief Operating Officer from 2021 to 2022, and eventually became the President and CEO of MMC on January 1, 2023.

    In addition to his executive roles, he has contributed significantly to the industry by serving on multiple boards and committees. His participation as Chairman of the U.S. Federal Advisory Committee on Insurance, along with board memberships such as those with the New York Police and Fire Widows’ and Children’s Benefit Fund and the Maurice R. Greenberg School at St. John’s University, underscores his commitment to both industry excellence and community service.

    $MMC Performance Under John Q. Doyle

    Past Roles

    OrganizationRoleDate RangeDetails
    Marsh McLennan Companies Group President and Chief Operating Officer January 1, 2022 - December 31, 2022 Oversaw strategy and operational objectives of MMC's four global businesses
    Marsh McLennan Companies - Marsh President and Chief Executive Officer 2017 - 2021 Led Marsh, one of MMC's businesses
    Marsh McLennan Companies - Marsh President April 2016 - 2017 Joined MMC as President of Marsh
    AIG Chief Executive Officer of AIG Commercial Insurance N/A N/A
    AIG President and CEO of AIG Property and Casualty in the U.S. N/A N/A
    AIG President of National Union Fire Insurance Company N/A N/A
    AIG President of American Home Assurance Company N/A N/A

    External Roles

    OrganizationRoleDate RangeDetails
    New York Police and Fire Widows’ and Children’s Benefit Fund Member of the Board N/A N/A
    Inner-City Scholarship Fund Trustee N/A N/A
    Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science at St. John’s University Member of the Board of Overseers N/A N/A
    U.S. Federal Advisory Committee on Insurance Chairman N/A N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Annual Base Salary$1,400,000 AnnualFixed base salary
    Car and DriverN/AAnnualProvided for business and personal use; specific monetary value not disclosed
    Corporate Aircraft$130,000 AnnualAccess for personal travel with costs calculated on the aggregate incremental cost (limit per year)

    Performance Compensation

    Data from  FY 2023

    Annual Bonus

    MetricValueAdditional Details
    Weight – Financial80% Based on Company Net Operating Income
    Financial Threshold90% target = 50% factor Performance factor at 90% of target
    Financial Target100% target = 100% factor Performance factor at 100% of target
    Financial Maximum≥110% target = 150% factor Maximum performance factor achieved at or above threshold (interpreted as 110%+)
    Weight – Strategic20% Based on individual objectives evaluated qualitatively by the Compensation Committee
    2023 Target Bonus$3,500,000 Pre-determined bonus target for 2023
    2023 Actual Bonus Award$6,000,000 Actual bonus paid, representing 171% of target
    Actual PerformanceActual as % of target: 105.2% <br>Financial performance factor: 126.0% Actual outcomes based on Company Net Operating Income and adjusted EPS growth

    Annual Long-Term Incentive Award

    ComponentMetric/DetailValueAdditional Details
    Grant DateFebruary 23, 2023 Applicable to all equity awards
    PSUs – Fair Value (Target)$5,775,090 Target fair value for Performance Stock Units
    PSUs – Fair Value (Max)(200% of target)$11,550,179 Maximum fair value for PSUs
    PSUs – Units GrantedTarget / Maximum33,812 / 67,624 shares Number of PSUs granted with performance-vesting conditions over a 3-year period
    PSUs – Performance MetricAdjusted EPS growth, relative TSR modifierN/APayout ranges from 0% to 200% based on performance; vesting on February 28, 2026
    PSUs – Stock PriceGrant Date Stock Price$163.88 Closing price on February 23, 2023
    Stock Options – Quantity132,387 Number of options granted
    Stock Options – Exercise Price$164.145 Average of high and low trading prices on February 22, 2023
    Stock Options – Fair Value$5,550,012 Grant date fair value for stock options
    Stock Options – Vesting25% increments annually over 4 yearsN/AVesting starts on the first anniversary of the grant date; fully vested over 4 years
    Stock Options – ExpirationFebruary 22, 2033 Expiration date of options
    Restricted Stock UnitsDetails not providedN/ARSUs are part of the LTI framework but specific details were not disclosed for 2023