Jules B. Kroll, Founder of Kroll, to Depart MMC
MMC
Marsh & McLennan Companies, Inc. (MMC) today announced that Jules B. Kroll, the
founder of Kroll, will retire from MMC in July.
'As one of the founding fathers of the modern intelligence and security
industry, Jules Kroll has made enormous contributions to the field of risk
mitigation,' said Brian Duperreault, President and CEO of MMC. 'His legacy is a
firm that is a world leader in its area of expertise. We have benefited greatly
from Jules' guidance and leadership and wish him well in the future.'
Mr. Kroll said: 'After more than 35 years as a steward of Kroll, I have decided
to move on and pursue other personal and professional interests. I am extremely
proud of the team we assembled at Kroll and what we have accomplished over these
many years. I leave MMC confident in the knowledge that Kroll is well situated
under its leadership.'
Mr. Kroll indicated his future plans include increased involvement in higher
education. He is currently Chairman of the Board of John Jay College of Criminal
Justice, and is deeply involved in his alma maters of Georgetown Law School and
Cornell University. In addition, he plans to complete a book on the creation of
Kroll and the industry it pioneered.
Jules Kroll founded Kroll Associates in 1972 as a consultant to corporate
purchasing departments. Over the years, the company became one of the world's
premier firms specializing in risk mitigation, including in the areas of
forensic accounting, data recovery, employee screening, and corporate risk
assessment and consulting.
Mr. Kroll received a B.A. degree from Cornell University in 1963 and an LL.B
degree from Georgetown University Law Center in 1966. He was admitted to the New
York Bar in 1967 and began his career as an assistant district attorney in
Manhattan.
Kroll provides a broad range of investigative, intelligence, financial, security
and technology services to help clients reduce risks, solve problems and
capitalize on opportunities. Headquartered in New York with offices in more than
65 cities in over 33 countries, Kroll has a multidisciplinary corps of more than
3,800 employees and serves a global clientele of law firms, financial
institutions, corporations, non-profit institutions, government agencies, and
individuals.
MMC is a global professional services firm providing advice and solutions in the
areas of risk, strategy and human capital. It is the parent company of a number
of the world's leading risk experts and specialty consultants, including Marsh,
the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance
specialist; Mercer, the provider of HR and related financial advice and
services; Oliver Wyman, the management consultancy; and Kroll, the risk
consulting firm. With more than 55,000 employees worldwide and annual revenue
exceeding $11 billion, MMC provides analysis, advice and transactional
capabilities to clients in more than 100 countries. Its stock (ticker symbol:
MMC) is listed on the New York, Chicago, and London stock exchanges. MMC's
website address is www.mmc.com.
Media:
MMC
Christine Walton, 212-345-0675
christine.walton@mmc.com
or
Kroll
Doug Wilson, 212-833-3464
dwilson@kroll.com
Or
Investors:
MMC
Mike Bischoff, 212-345-5470
jmichael.bischoff@mmc.com
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