Jim McCann has been appointed as non-executive chairman of the board of Willis, effective July 8.
Succeeding Joe Plumeri upon his retirement from the board, McCann has served on the Willis board since 2004 and as the presiding independent director since October 2012.
In addition to its appointment of McCann, Jeffrey Ubben has been nominated for election as a director of the company. Ubben is chief executive officer, chief investment officer and a founder of ValueAct Capital, a San Francisco-based investment firm which owns approximately 9.5% of Willis’ outstanding shares.
“I’m grateful for my fellow board members’ confidence and thank Joe Plumeri for his 12 years of extraordinary leadership of our firm,” said McCann.
Dominic Casserley, Willis’s chief executive officer and member of the board added: “I am delighted to welcome Jim McCann as the new chairman of Willis, succeeding Joe Plumeri, who has led Willis with extraordinary distinction.”