Willis Group Holdings announced that Sarah Turvill will retire as Chairman of Willis International at the end of 2013, and that she has been appointed as a Non-Executive Director to the Willis Limited Board, effective in January 2014 and subject to FCA approval.
Turvill joined Willis in 1978, initially as a lawyer in the Group’s secretariat department. In 1990 she moved to supporting the company’s International development in Continental Europe and in 1991 and 1992 she was involved in successfully negotiating acquisitions and start-ups in 13 countries across Eastern and Western Europe.
In 1995 Turvill assumed the role of Chief Executive of Continental Europe and while in this position, Willis bought its interest in Gras Savoye, the leading French broker. Turvill has since led Willis’s growing relationship with Gras Savoye, which has subsidiaries in a further 40 countries and 2012 revenues of $430 million.
The bulletin noted that for the “past 20 years, Turvill has developed and grown the Group’s international footprint into a $1 billion business (excluding Gras Savoye) in 43 countries with over 6,600 employees. Highlights include Willis’s joint venture in China, where the company now has the largest international broker presence with 22 offices across the country. In 2011, Turvill became Chairman of Willis International and Tim Wright was appointed CEO.”
Steve Hearn, Deputy Group CEO commented: “Sarah has been instrumental in growing Willis into the renowned global risk adviser, insurance and reinsurance broker it is today. She has led many of our overseas mergers and acquisitions this past 20 years, not least the growing relationship with Gras Savoye, which significantly enhances Willis’s international presence.
“I am delighted that following Sarah’s retirement as Chairman of Willis International at the end of 2013, she has agreed to serve as a Non-Executive Director on the Willis Limited Board, ensuring that we continue to benefit from her combined insurance and M&A experience accumulated over many successful years with this company.”
Source: Willis Group Holdings