Marsh Taps its CFO to Head Mercer

Michele Burns, former CFO of Mirant and Delta, spent only seven months as Marsh & McLennan's CFO before the company named her CEO of its Mercer con...
Stephen TaubSeptember 26, 2006

Marsh & McLennan Cos. named CFO M. Michele Burns as the new chairman and chief executive officer of Mercer Human Resource Consulting, an MMC subsidiary. She succeeds Michael Caulfield, who is retiring.

To fill the CFO vacancy left by Burns, the company promoted Matthew B. Bartley, who has served as MMC’s treasurer since 2001.

“Michele brings a compelling mix of financial acumen and managerial experience in professional services to her new role,” said Michael G. Cherkasky, MMC president and CEO, in a statement. “She has a proven track record of successfully leading large professional teams.”

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Burns joined MMC back in March. Before that, she served as executive vice president, chief restructuring officer, and CFO at Mirant Corp. following the company’s bankruptcy filing in 2003, where she is credited with spearheading the development of a new capital structure and business reorganization plan.

Before Mirant, Burns served as CFO of Delta Air Lines. She currently sits on the Boards of Wal-Mart Stores, Inc. and Cisco Systems, Inc.

Bartley joined Marsh as vice president and treasurer in 2001. The company credits him with raising its financial profile in the public debt markets, “marshalling its financial resources,” and adjusting its capital structure “to meet the changing requirements of its operating companies.”