MMC chairman Sinnott to retire

NEW YORK--Marsh & McLennan Cos. Inc.'s vice chairman, John T. Sinnott, will retire effective Dec. 31, MMC said.

"Three and a half years after his originally planned retirement and after more than 43 years of service to Marsh & McLennan, Jack Sinnott has decided to 're-retire' at the end of this year," Michael G. Cherkasky, MMC's president and chief executive officer, said in a statement.

Mr. Sinnott, a former chairman and CEO of the Marsh Inc. brokerage unit, originally retired in July 2003, but returned to the company in 2005 following various management disruptions stemming from brokerage industry investigations prompted by New York Attorney General Eliot Spitzer.

Mr. Sinnott plans to continue to serve as a trustee/director on five not-for-profit company boards and on one public company board, Mr. Cherkasky said.