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Willis North America has a new CEO, Todd Jones, and its former CEO, Vic Krauze, will retain his position as chairman, says Willis Group Holdings plc.

Jones, 48, joined Willis in 2003 and has served as president of Willis North America since 2010. From 2007 to 2010, he served as national partner for the Northeast. Before joining Willis he held various leadership roles in the insurance-brokerage industry. Before entering the brokerage industry, he was a financial analyst and corporate banker for First Union National Bank, focusing on the telecommunications and healthcare industries.

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