Willis North America has a new CEO, Todd Jones, and its formerCEO, Vic Krauze, will retain his position as chairman, says WillisGroup Holdings plc.
|Jones, 48, joined Willis in 2003 and has served as president ofWillis North America since 2010. From 2007 to 2010, he served asnational partner for the Northeast. Before joining Willis he heldvarious leadership roles in the insurance-brokerage industry.Before entering the brokerage industry, he was a financial analystand corporate banker for First Union National Bank, focusing on thetelecommunications and healthcare industries.
|Jones will report to Willis Group CEO Dominic Casserley. Aspokesperson says Willis has dropped the position of “president,Willis North America” and there will be no replacement.
|Krauze, 53, was named Chairman and CEO of Willis North Americain 2010 after the departure of Don Bailey. In a filing with the Securitiesand Exchange Commission, Krauze, will receive annual base salary of$700,000 and discretionary bonus.
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