Willis Group Holdings has extended the contract of its Chairman and CEO, Joseph J. Plumeri, until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011.
In doing so the board of directors cited his efforts in advancing the Company’s interests and in having “successfully navigated the strong headwinds of the continuing soft insurance market and the global economic downturn.” The board also cited Plumeri’s efforts in expanding Willis’ client base, his “commitment to transparency, strategic acquisitions and sector-leading margins.”
Plumeri praised the “tireless efforts of our executive team and our nearly 20,000 Associates, the sound counsel of our Board of Directors and the continued support of our clients and shareholders.”
Source: Willis Group Holdings – www.willis.com