Willis Group President Grahame Millwater to Retire in 2012
London, UK, December 21, 2011 — Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced
that Grahame J. Millwater, who currently serves as President of Willis Group Holdings and Chairman &
CEO of Willis Global, will retire from the company to pursue other interests. Millwater, who joined
Willis as part of its graduate program in 1985 and was appointed President of Willis Group
in 2008, has served the company in many roles of increasing responsibility.
Millwater will remain with Willis Group in 2012 and will provide consulting support in 2013 to ensure
a smooth transition. His responsibilities at the group and business unit level will be assumed in
January by senior Willis executives Steve Hearn and Tim Wright.
Joe Plumeri, Chairman and CEO of Willis Group, hailed Millwater’s achievements recorded in over a quarter century
of service to the company. “My partnership, and friendship, with Grahame began upon my arrival to
Willis in 2000 and continues to this day. I join everyone at Willis in offering Grahame,
and his family, my deep gratitude for his enormous contributions to our success over the past
26 years. We wish him all the very best wherever his future career may take him,”
Millwater added: “After spending my entire professional career since leaving university with one company, I have been
privileged to work with an extraordinary team of people from around the world and am retiring
from Willis with many friends. I’m grateful to Joe for the many leadership roles I’ve enjoyed
over the past decade and look forward to spending some time with my family and considering
Steve Hearn, who was appointed CEO of Willis Re early this year after serving as head of
Willis’ London Market Wholesale Businesses will, as of January 1, serve as Chairman and CEO of
Willis Global in addition to his duties as CEO of Willis Re. Willis Global includes Willis
Re, Willis Global Specialties, Willis Faber & Dumas, Willis Global Solutions and Willis Global Placement. Hearn
will also serve as member of the Willis Group Operating Committee.
In the retail business, Tim Wright, who was appointed CEO of Willis International in October 2011 after
joining the company as Group COO in 2008 will, as of January 1, also oversee Willis
UK & Ireland, which is headed by Dan Wilkinson.
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers
professional insurance, reinsurance, riskmanagement, financial and human resource consulting and actuarial services to corporations, public entities
and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with
a global team of approximately 17,000 employees serving clients in virtually every part of the world.
Additional information on Willis may be found at www.willis.com.