Willis Group Holdings Limited Chairman and CEO Joe Plumeri outlined the global insurance broker’s progress through 2002 and reflected on first quarter 2003 results at the company’s Annual Meeting of Shareholders which, held on May 9, 2003 in New York City.
“2002 was a great year for Willis – for our shareholders, our clients and our Associates around the world,” Plumeri stated. “After growth and progress strengthening our global operations through 2000 and 2001, we promised we would not rest on our laurels and we have not. Working together under one flag, we have produced great results as we begin to realize some of the Group’s tremendous potential. We will continue our mission to be the world’s best broker, armed with a unified vision and purpose to build a great sales and service culture for success in all market environments.”
Concurrent with the annual meeting, the company’s Board of Directors declared a quarterly cash dividend of $0.125 per common share on the Company’s common stock, payable on July 14, 2003 to shareholders of record on June 30, 2003.
The bulletin said that the shareholders’ also took the following actions at the meeting:
— adopted the Financial Statements for the year ended December 31, 2002 and Auditors’ Report thereon ;
— re-appointed Deloitte & Touche as auditors until the close of the next Annual General Meeting of Shareholders and authorized the Board of Directors to fix the auditors remuneration;
— elected all Directors until the close of the next Annual General Meeting of Shareholders, and
— approved an amendment to the Company’s 2001 Share Purchase and Option Plan.
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