Jules B. Kroll, the founder of the risk consulting services firm that bears his name and is now a subsidiary of Marsh & McLennan Companies Inc., will retire from MMC in July, the company said today.

"As one of the founding fathers of the modern intelligence and security industry, Jules Kroll has made enormous contributions to the field of risk mitigation," said a statement from Brian Duperreault, MMC president and chief executive officer.

"His legacy is a firm that is a world leader in its area of expertise. We have benefited greatly from Jules' guidance and leadership and wish him well in the future," Mr. Duperreault continued.

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