Willis has announced a series of significant changes to its leadership structure.
Grahame Millwater has been appointed the chief operating officer of the group, which will see him working closely with Joe Plumeri, chairman and chief executive, on all aspects of the day-to-day management of the company.
Millwater remains chairman of Willis Re, as Peter Hearn was appointed the global chief executive of the unit earlier this year.
“In Grahame Millwater, we have a multi-faceted chief operating officer who is rich in industry experience and understands what it means to run the company in the best interests of the shareholder while delivering first rate client service,” said Plumeri.
Willis also announced that after 18 years, vice chairman and co-chief operating officer Tom Colraine is to leave the group at the end of this year.
“Tom Colraine's contribution to this company is nothing short of extraordinary,” said Plumeri. “You hear, from time to time, about people who exhibit tireless dedication, unwavering loyalty and a passion that knows no bounds.”
Richard Bucknall, in addition to his current role as chairman of Willis, will replace Colraine as chief executive. He will remain as vice chairman of the group.
Pat Regan, who joined Willis as CFO in November, 2005, will be taking on expanded responsibilities with Colraine's departure. He will oversee the real estate unit and will also take up oversight of mergers and acquisitions.
“The changes we are announcing today are part of the natural evolution of the company,” Plumeri continued. “…Today, we are building on our strong foundation, focused on our future and committed to executing the plans we have in place to continue our growth.”
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