Jeffrey W. Greenberg has resigned as chief executive officer of scandal-hit Marsh & McLennan Companies Inc., New York.[@@]
The company’s board of directors stated that Greenberg would be replaced by Michael G. Cherkasky, a former prosecutor who had been CEO of M&M’s risk consulting subsidiary, Marsh Kroll. Cherkasky will also assume the duties of president of the company.
Greenberg’s resignation came just 12 days after M&M was hit with a civil suit by New York Attorney General Eliot Spitzer.