CFO Burns to leave Mirant after Chapter 11

Michele Burns, who has overseen the recent Chapter 11 restructuring of US energy marketer Mirant, will leave the company once it has emerged from bankruptcy.

Burns, who joined Mirant as chief financial officer in April 2004 from Delta Air Lines, departs by mutual consent, says Mirant spokesman Dave Thompson. She leaves to pursue other interests and has made no decision on her next move, he adds. There was no prior agreement that this would happen following the restructuring, says Thompson.

James Iaco, most recently a private investor, will take over as CFO no later than November 15, but Burns will remain chief restructuring officer until