Willis Group Holdings Nominates Francisco Luzon and Jaymin Patel to Board of
NEW YORK, June 5, 2013 (GLOBE NEWSWIRE) -- The Board of Directors of Willis
Group Holdings (NYSE:WSH), the global risk advisor, insurance and reinsurance
broker, today announced the nomination of Francisco (Paco) Luzón and Jaymin
Patel as Directors of the company. These nominations complete the slate of
directors that will be presented to Willis Group shareholders at the company's
upcoming annual general meeting.
Paco Luzón brings almost 30 years' experience in international banking to the
Board. He is currently a Director of LATAM Airlines Group, the largest airline
network in Latin America, and has recently served as a Director of Banco
Santander and Inditex-Zara, the international fashion retail company. From
1996 until 2012, he held several senior roles at Banco Santander, including
General Manager of the Latin American Division. Prior to joining Santander,
Mr. Luzón held executive positions at several other banks, including
Argentaria, Banco Exterior de Espana, and Banco Bilbao Vizcaya.
Jaymin Patel is the President and CEO of GTECH Americas, a division of GTECH
S.p.A., a leading commercial operator and provider of technology in regulated
worldwide gaming markets. He currently serves on the Board and Executive
Management Committee of GTECH S.p.A. Mr. Patel began his career in London, UK
at PricewaterhouseCoopers before moving to GTECH. Patel's career at GTECH has
included roles as CFO, COO and President, before becoming CEO of GTECH
Corporation in 2008, then a subsidiary of Lottomatica Group S.p.A., which was
recently renamed, GTECH S.p.A.
Along with the nominations of Luzón and Patel, Willis has previously announced
the nominations to its Board of Jeffrey Ubben, CEO of ValueAct Capital; and
the appointment as non-executive Chairman of Jim McCann, currently the
company's presiding independent director and Chairman and CEO of 1-800
FLOWERS. These nominations follow the retirement from the Board in July of Joe
Plumeri, the former Willis Group CEO and current Chairman, and Board Directors
Joseph Califano and Jeffrey Lane.
"I am very pleased that Paco and Jaymin have agreed to join our Board. Willis
is a leading global firm and the slate of directors – both current and newly
nominated – that we are presenting to shareholders reflects our global reach,"
said Willis Group CEO Dominic Casserley. "The openings on our Board allow
Willis to benefit from the perspective of executives like Paco Luzón, Jaymin
Patel and Jeff Ubben, who bring, among other things, broad expertise in global
finance, management, teamwork and innovation to our firm. I'm confident that
their strong leadership and governance experience will help to guide our
business forward," Casserley added.
Jim McCann said, "Having served on the Willis Board of Directors since 2004,
I'm delighted to witness the next evolution of our Board. It is a pleasure to
serve our great company and to welcome these internationally-respected leaders
who bring to Willis executive experience from around the world and deep
strategic and tactical insight to help Dominic and his team take the firm to
the next level."
Paco Luzón said, "Every company, in every industry, must understand and manage
its risks to succeed and Willis is an essential partner in helping build
resilience against these risks. I look forward to helping Willis strengthen
Jaymin Patel said, "Willis's deep expertise and strong international footprint
bring new insights and methods of managing risk to clients around the world
each day. I welcome the opportunity to contribute to this success."
The nominations to the Board will be voted on by the shareholders at the 2013
Annual General Meeting.
Willis Group Holdings plc is a leading global risk advisor, insurance and
reinsurance broker. With roots dating to 1828, Willis operates today on every
continent with more than 17,000 employees in over 400 offices. Willis offers
its clients superior expertise, teamwork, innovation and market-leading
products and professional services in risk management and transfer. Our
experts rank among the world's leading authorities on analytics, modelling and
mitigation strategies at the intersection of global commerce and extreme
events. Find more information at our website, www.willis.com, our leadership
journal, Resilience, or our up-to-the-minute blog on breaking news,
WillisWire. Across geographies, industries and specialisms, Willis provides
its local and multinational clients with resilience for a risky world.
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