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.