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Tomlinson’s tenure at Mercer saw him leading the US East Market from 2018-2020. He is known for his commercial mindset and transformative leadership. In addition to his new role as President of Mercer, Tomlinson will continue his duties as Marsh McLennan (NYSE:MMC) US and Canada CEO and Mercer US and Canada President for now.
Upon Ferland’s retirement next year, Tomlinson is slated to take over as President and CEO of Mercer and Vice Chair of Marsh McLennan. In this capacity, he will report to John Doyle and join the Executive Committee of Marsh McLennan, a global professional services firm with an annual revenue exceeding $20 billion and more than 85,000 employees worldwide.
Marsh McLennan’s notable performance in the market is worth mentioning. According to InvestingPro data, the company has a market cap of 94.54B USD and a P/E ratio of 28.97. The company is also seeing a steady revenue growth of 4.57% for LTM2023.Q2, and its gross profit stands at 9365M USD. The company’s strong performance is further highlighted by its return on assets, which is at 8.3% for LTM2023.Q2.
InvestingPro Tips highlight the company’s strength as a prominent player in the insurance industry with a high return on invested capital. The company has also maintained dividend payments for 53 consecutive years, indicative of its financial stability. For more detailed insights and tips, one can visit the InvestingPro website here.
Tomlinson expressed gratitude for the leadership opportunity while both Ferland and Doyle commended his abilities and potential in their respective remarks. With Tomlinson at the helm, the company is expected to continue its strong performance in the market.
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