Global insurance broker Willis Group Holdings, Ltd. announced that it has accepted Paul Hazen’s resignation from the Company’s Board of Directors. Hazen has served the Company for six years recently serving on the Compensation and Executive Committees of the Board.
Willis said, “Hazen, the retired Chairman of Wells Fargo, is scaling back his involvement in business to pursue personal interests.”
“We are grateful for Paul’s long and lasting contribution to Willis,” said Willis Chairman and CEO Joe Plumeri. “He has brought great insights into operations, client service and the overall management of the Company and has left an indelible mark on Willis that will be felt for years to come.
“In addition what he has meant to the Company, I have been fortunate to be able to call on Paul for his personal advice and experienced perspective on a wide range of issues,” Plumeri continued. “He has been a friend and a counselor and having him in my corner has been invaluable. He has my deepest personal thanks and best wishes.”
The bulletin noted that the Willis Board now has 12 members – 11 of whom are independent.