Appointment
Marsh & McLennan Co Inc
20 December 2005
News Release
Media Contacts: Jim Fingeroth Investor Contact:
Barbara Perlmutter Kekst and Company Mike Bischoff
MMC (212) 521-4819 MMC
(212) 345-5585 (212) 345-5470
MMC NAMES M. MICHELE BURNS
EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
NEW YORK, NEW YORK, December 20, 2005-Marsh & McLennan Companies, Inc. (MMC)
announced today that M. Michele Burns will join the company as executive vice
president on March 1, 2006, and assume the position of chief financial officer
no later than March 31, 2006.
Ms. Burns succeeds Sandra S. Wijnberg, who announced in August that she plans to
resign from the company in March 2006. Ms. Wijnberg will work closely with Ms.
Burns to ensure a smooth transition. Ms. Burns will report to Michael G.
Cherkasky, president and chief executive officer of MMC.
Ms. Burns, 47, has been executive vice president, chief financial officer, and
chief restructuring officer of Mirant, a competitive energy company, since 2004.
Prior to joining Mirant, Ms. Burns had spent five years at Delta Air Lines, Inc.
, last serving as executive vice president and chief financial officer. Before
joining Delta, she was a senior tax partner at Arthur Andersen LLP.
Mr. Cherkasky said, 'We are very pleased to welcome Michele to MMC's senior
management team. Michele has distinguished herself through her financial
leadership, management track record, and impressive professional
accomplishments. Her experience will be invaluable as MMC implements its 'one
company' strategy of becoming the world's leading global advice and solutions
firm.'
Ms. Burns commented, 'I am delighted to join MMC, a company with a distinguished
history and a market leader in its principal businesses. I look forward to being
part of an exceptional senior management team committed to excellent client
service, superior long-term growth, and increased value for shareholders.'
Ms. Burns serves as a member of the board of directors of Wal-Mart Stores, Inc.;
Cisco Systems, Inc.; and the Ivan Allen Company. She is also treasurer and a
founding member of the board of directors of the Elton John AIDS Foundation.
Ms. Burns graduated summa cum laude from the University of Georgia with a
bachelor's degree in business administration and a master's degree in
accountancy.
MMC is a global professional services firm with annual revenues exceeding $12
billion. It is the parent company of Marsh, the world's leading risk and
insurance services firm; Guy Carpenter, the world's leading risk and reinsurance
specialist; Kroll, the world's leading risk consulting company; Mercer, a major
global provider of human resource and specialty consulting services; and Putnam
Investments, one of the largest investment management companies in the United
States. Approximately 59,000 employees provide analysis, advice, and
transactional capabilities to clients in over 100 countries. Its stock (ticker
symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock
exchanges. MMC's website address is www.mmc.com.
This information is provided by RNS
The company news service from the London Stock Exchange