NEW YORK--(BUSINESS WIRE)--Scott McDonald, has been named Chief Executive Officer of Oliver Wyman Group, effective January 1, 2014. As CEO Mr. McDonald will have responsibility for managing the global management consulting firm Oliver Wyman, the economic consulting firm NERA, and brand strategy and design consultancy Lippincott. He will also become a member of the Executive Committee of Marsh & McLennan Companies, Oliver Wyman Group’s corporate parent.
McDonald succeeds John Drzik, who has been with Oliver Wyman for nearly 30 years and held the position of Chief Executive Officer of Oliver Group for 7 years. Drzik will move to Marsh, Inc. to become President, Global Risk and Specialties, and Chairman of the newly formed Marsh & McLennan Companies Global Risk Center.
"The changes we are announcing today will strengthen Marsh & McLennan Companies," said Dan Glaser, President and Chief Executive Officer of Marsh & McLennan Companies. "Scott is a proven leader at Oliver Wyman and will be a great addition to the senior management team at Marsh & McLennan Companies.”
"I am honored to take on the role of Chief Executive Officer of Oliver Wyman Group and look forward to working with the partners on the next stage of our development, building on our already formidable strengths, and positioning us for continued success," said Mr. McDonald. "It has been an absolute pleasure working with John Drzik over the last 18 years. Together with all of my colleagues, I wish John well as he takes on a new role at Marsh."
Scott McDonald has been President of Oliver Wyman since 2012. Previously, he was the Managing Partner of Oliver Wyman's Financial Services practice. Mr. McDonald joined Oliver, Wyman & Company in 1995 and was elected a Partner in 2000. He has degrees in Finance & Economics from McGill University and International Relations from Cambridge University.
About Oliver Wyman
With offices in 50+ cities across 25 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm's 3,000 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy, and human capital. With 52,000 employees worldwide and annual revenue exceeding $10 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in risk and reinsurance intermediary services; and Mercer, a global leader in human resource consulting and related services. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.