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Scott McDonald, president of Oliver Wyman, the management consulting business of Oliver Wyman Group, has been named CEO of Oliver Wyman Group effective Jan. 1, 2014, Marsh & McLennan Cos. Inc. said Monday.
Mr. McDonald, who had been president of Oliver Wyman since 2012, succeeds John Drzik, currently chairman and CEO of Oliver Wyman Group. Mr. Drzik will move to Marsh Inc. as president of global risk and specialties and report to Marsh President and CEO Peter Zaffino, the parent said in a statement.
In his new role, Mr. McDonald will have responsibility for Oliver Wyman, NERA Economic Consulting and Lippincott. NERA provides economic analysis of business and legal issues. Lippincott is a brand strategy and design consultant. Mr. McDonald will report to Dan Glaser, president and CEO of MMC, and become a member of the parent’s executive committee.
In addition to overseeing Marsh’s global industries, global practices, risk solutions, global analytics and technology units, and the insurer consulting group, Mr. Drzik, also has been named chairman of the newly formed Marsh & McLennan Cos. Global Risk Center, where he will work to strengthen collaboration across the firm in areas such as global risk analytics, research and thought leadership.
“The changes we are announcing today will strengthen Marsh & McLennan Cos.,” Mr. Glaser said in the statement. “Scott is a proven leader at Oliver Wyman and will be a great addition to the senior management team at Marsh & McLennan Cos. Similarly, John has distinguished himself at Oliver Wyman Group as a thoughtful and effective leader.”