21.09.2006 20:48:00
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Don Bailey Named CEO of Willis North America, Succeeding Mario P. Vitale
Joe Plumeri, Chairman and CEO of Willis, said, "Don Bailey hasdistinguished himself as COO of Willis North America and he will makean outstanding CEO. Since joining the Company, he has embraced and ispracticing the core principles of Client Advocacy and through hisvarious positions with Willis has continuously demonstrated adedication to our vision. He has a great understanding of clients'complex needs and the ability to design appropriately tailoredsolutions; he has strong business sense; and, most importantly, he hasthe respect of his colleagues." Concurrent with his promotion Donjoins the Willis Partners Group, the Company's management committee.
"I want to thank Mario Vitale, who was the first person I hiredsix years ago when I joined Willis," Plumeri said. "Throughout histime here, he has made a tremendous contribution to this company whileserving in a number of important capacities. He has successfullyoverseen our business in North America for the last few years, and hashad an impact across the Group through the positions he held in globalsales and marketing functions.
Under his direction, Willis North America has excelled in manyways: service levels - measured by client retention - are higher thanthey have ever been; organic growth has consistently led the industry;and our recruiting efforts continue to attract the very best in theindustry. I have valued his thoughtful counsel as a member of theexecutive management team and, along with his colleagues at Willis, Ithank him for all he has done for the Company and wish him all thebest for the future."
Bailey joined Willis in March, 2003 to lead the firm's NorthAmerican Executive Risks Practice, and has since served as CEO of theCompany's North American large account practice. He was named COO ofWillis North America in March 2006. He came to Willis from AllianzInsurance Company in Chicago where he served as Senior Vice Presidentand Chief Underwriting Officer of the Specialty Risk Lines. Prior tohis tenure with Allianz, Don served Aon and Marsh in variouscapacities. His insurance career started with Chubb & Son in 1987,when he joined the firm as an Underwriter in the FinancialInstitutions Department.
Don Bailey said, "We will be building on the very strongfoundation that Mario Vitale has created at Willis North America,continuing to strengthen our expertise, broaden our offerings andexpand our client base both geographically and by industry."
Mario Vitale said, "I am very fortunate to have been able to spendthe last six years of my career at such a great company and with suchwonderful colleagues. Working with and learning from Joe Plumeri hasmade me a better professional and a stronger leader. I thank him forhis support and inspirational leadership and am sure I will be abetter insurance executive given my time with him and the managementteam at Willis."
Willis Group Holdings Limited is a leading global insurancebroker, developing and delivering professional insurance, reinsurance,risk management, financial and human resource consulting and actuarialservices to corporations, public entities and institutions around theworld. With over 300 offices in more than 100 countries, its globalteam of 15,400 Employees and Associates serves clients in some 190countries. Willis is publicly traded on the New York Stock Exchange(NYSE: WSH). Additional information on Willis may be found on its website: www.willis.com.
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