Marsh & McLennan names new CFO

NEW YORK—Marsh & McLennan Cos. Inc. today named its third chief financial officer in as many years with the hiring of Vanessa A. Wittman as executive vp and CFO.

Ms. Wittman, who will report to MMC President and CEO Brian Duperreault, succeeds Matthew B. Bartley, who plans to leave the company, according to New York-based MMC. Mr. Bartley was named CFO of MMC in September 2006. He succeeded M. Michele Burns, who joined MMC as CFO in March 2006, but was then tapped to serve as chairman and chief executive officer of MMC's Mercer Human Resources Consulting unit.

Ms. Wittman, who will assume her executive vp duties next month and the role of CFO in October, was most recently CFO and executive vp of Adelphia Communications Corp., the bankrupt cable company, which she joined in 2003. At Adelphia, she served on a four-member executive team that navigated one of the most complex bankruptcy cases in U.S. history, according to MMC. Prior to Adelphia, Ms. Wittman served as CFO of 360networks, based in Seattle. She also has held positions with Microsoft, Metricom Inc., and Morgan Stanley.