Mercer CEO Michele Burns resigns to head retirement policy center

NEW YORK—Mercer L.L.C. Chairman and CEO M. Michele Burns is resigning to become executive director of a retirement policy center that parent company Marsh & McLennan Cos. Inc. is forming.

The purpose of the center, MMC announced Tuesday, “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.”

Ms. Burns, 53, joined MMC in March 2006 as executive vp 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.

MMC named her chairman and CEO of Mercer in September 2006.

In a statement, MMC said it has begun a search for a new Mercer CEO. Until a successor is named, MMC Group President and Chief Operating Officer Dan Glaser will oversee Mercer's executive committee.