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Ousted AIG CEO Sullivan Lands Senior Post At Willis Group -FT

DOW JONES NEWSWIRES Former American International Group Inc. (AIG) chief executive Martin Sullivan is returning to the insurance industry as a senior executive at Willis Group Holdings PLC (WSH), the Financial Times reports late Tuesday. Sullivan, who was pushed out just three months before giant AIG was bailed out by the U.S. government, will lead a new unit at Willis that intends to win more large, complex multinational clients and sell more services to those it already has. He'll be deputy chairman of Willis Group and chairman and CEO of Willis Global Solutions, the new unit. "We are very pleased, as a matter of fact we're ecstatic, that Martin is joining us," Willis Group CEO Joe Plumeri said. Sullivan said he will be involved with clients and suppliers of insurance -- including AIG -- in his new role. "I look forward to working with AIG and I think some of my former colleagues will be very excited to learn where I've ended up," he said. Full story at http://www.ft.com/cms/s/0/e1bc04ac-baab-11df-b73d-00144feab49a.html -Dow Jones Newswires; 212-416-2900

Stock News for Willis (WSH)
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