NU Online News Service, May 5, 5:20 p.m. EDT–The head of Willis Group Holdings has agreed to a stock divesture plan that would reduce his holdings in the insurance brokerage firm to more than two million shares.

Under the plan, Joe Plumeri, chairman and chief executive officer of the London-headquartered insurance brokerage firm, will sell 2.35 million shares of his common stock holdings in installments beginning in June. He will hold approximately 2.4 million shares and options after the sale is completed, Willis said.

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