Willis Ltd. CEO Bucknall to Retire; Margrett Will Succeed

Willis Group Holdings Limited announced that after a 40 year career in the insurance broking business, 21 of which with Willis, Richard Bucknall, vice chairman of the Group and chairman and CEO of Willis Limited, the company’s UK business unit, is retiring. He will do so effective March 31, 2007 and will continue in an advisory role through the end of the year.

Bucknall’s career with Willis began in 1986 and over the course of his tenure, he has served the company in several capacities.

David Margrett, maintaining his role as chief executive officer of Willis’ Global Specialities unit consisting of such areas as aerospace, construction, energy and marine, will assume the roles of chairman and CEO of Willis Limited effective March 31, 2007.

Source: Willis Group Holdings Limited
www.willis.com