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Mercer CEO Resigns to Head Retirement Policy Center

The purpose of the center, Marsh & McLennan announced Oct. 4, ‘will be to become a catalyst for new ideas and perspectives on retirement and to educate the public and key constituents on retirement public policy issues.’

October 7, 2011
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Mercer chairman and CEO M. Michele Burns is resigning to become executive director of a retirement policy center that parent company Marsh & McLennan Cos. is forming.

The purpose of the center, Marsh & McLennan announced Oct. 4, “will be to become a catalyst for new ideas and perspectives on retirement and to educate the public and key constituents on retirement public policy issues.”

Burns, 53, joined Marsh & McLennan in March 2006 as executive vice president and chief financial officer after holding several positions with Mirant Corp., an Atlanta-based power company. She also was CFO of Delta Air Lines Inc.

Marsh & McLennan named her chairman and CEO of Mercer in September 2006.

In a written statement, Marsh & McLennan said it has begun a search for a new Mercer CEO. Until a successor is named, Marsh & McLennan group president and chief operating officer Dan Glaser will oversee Mercer’s executive committee.

Jerry Geisel writes for Business Insurance, a sister publication of Workforce Management. To comment, email editors@workforce.com.

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