Burns Named CEO for Mercer; Bartley CFO for MMC

September 26, 2006

Marsh & McLennan Companies, Inc. has named M. Michele Burns, chief financial officer of MMC, to the position of chairman and chief executive officer of Mercer Human Resource Consulting. She succeeds Michael Caulfield, who will be retiring but who will remain with the company until the end of the year.

Moving into the role of chief financial officer for MMC is Matthew B. Bartley, who has served as MMC’s treasurer since 2001. Burns and Bartley will assume their new positions effective immediately.

Burns joined MMC in March 2006 as executive vice president and chief financial officer. A director of Wal-Mart Stores, Inc. and Cisco Systems, Inc., she previously served as executive vice president, chief restructuring officer, and chief financial officer at Mirant Corporation following the company’s bankruptcy filing in 2003.

Bartley joined MMC as vice president and treasurer in 2001. Bartley served for nearly 10 years in senior international treasury and tax positions at PepsiCo, Inc.

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