It's not retirement, says Joe Plumeri, the chief executiveofficer of Willis Group Holdings, but just another phase in hislong career.
After 12 years of steering the insurance brokerage firm throughturbulent waters Plumeri will leave his post on Jan. 7. He broughtthe firm through private ownership by the private equity firmKohlberg Kravis Roberts to public ownership in 2001; through theattack on the World Trade Center; New York Attorney General EliotSpitzer's prosecution over alleged kickbacks and steering ofbusiness in return for contingent commissions and the $2.1 billionacquisition of Hilb Rogal & Hobbs in 2008 as the greatrecession hit.
He will serve as non-executive chairman through July 2013, whenhis contract expires.
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