Goldman Sachs (GS) Elects Former Mercer CEO Burns to Board

October 28, 2011 8:33 AM EDT
The Goldman Sachs Group, Inc. (NYSE: GS) elected M. Michele Burns as an independent director of the firm, effective yesterday.

Burns’ election expands the Board to 12 directors, 10 of whom are independent directors. Burns will be a member of each of the firm’s Audit, Risk, Compensation and Corporate Governance and Nominating committees.

Burns was the Chairman and Chief Executive Officer of Mercer, a subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC).

Burns is currently on the boards of Cisco Systems, Inc. and Wal-Mart Stores, Inc. and serves as a Board member and Treasurer of the Elton John AIDS Foundation. She is a graduate of the University of Georgia, where she also received a Masters degree in accounting.


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