The group also announced that John Walden, the current head of the Argos business, will become chief executive.
Rajiv Dutta Rajiv Dutta, the current head of eBays PayPal business, will replace Donahoe in the marketplaces division.
Doug Parsons, the current head of this family-owned business, has already relocated 12percentt of the company's production to China in order to hold onto business that would otherwise be lost to China's huge, cheap foundries; during the next decade he may well have to move much more of his production offshore.
The irony in this particular document-sniffing business is that the current head of Marsh & McLennan owes his job, in part, to some embarrassing e-mails that Eliot Spitzer turned up during the reign of his predecessor.
Kazuo Hirai, the president and chief executive of the unit, Sony Computer Entertainment, will be succeeded by Andrew House, the current head of the unit's European business, Sony said in a statement.
Centrica, which owns British Gas, said it was proposing Chris Weston, the current head of Centrica's US retail gas business, to take on the role.
Centrica, which owns British Gas, said it was proposing Mr Weston, the current head of Centrica's US retail gas business, to succeed Phil Bentley.
The water unit, which will have $3.6 billion in pro forma revenue, will be led by Gretchen W. McClain, the current head of ITT's fluid and motion control business.
On Monday it announced plans to combine its U.S. and foreign property-casualty insurance operations into a new unit, AIU Holdings, and separate management led by Kristian Moor, current head of the company's property and casualty business.
Nathan Bostock, the current head of risk who is being promoted to finance director, received £670,000, while Chris Sullivan, business banking head, received £480,000.
