Goldman Sachs, the fifth-biggest U.S. bank by assets, has expanded its board with the election of M. Michele Burns as an independent director. She will join the lender’s audit, risk, compensation and corporate governance and nominating committees. Her election increases the number of board members to 12.
Presently, Burns is on the boards of Cisco Systems and Wal-Mart Stores. She is also a board member and treasurer of the Elton John AIDS Foundation. Burns, who was till recently chairman and CEO of Mercer, a subsidiary of Marsh & McLennan Cos., was recently selected to plan and design a new Retirement Policy Center sponsored by Marsh & McLennan. She has also worked with Mirant Corp., Delta Air Lines and Arthur Andersen LLP.
Click here for the release from Business Wire.