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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
WILLIS CORROON GROUP LIMITED
(Translation of registrant's name into English)
Ten Trinity Square
London EC3P 3AX, England
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F of Form 40-F.)
Form 20-F [X] Form 40-F [ ]
(Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes [ ] No [X]
(If "Yes" is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b): 82- .)
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21 September 1999
WILLIS CORROON GROUP LIMITED
ORGANIZATIONAL ANNOUNCEMENT
The Board of Willis Corroon Group Limited ("the Group") announce the following
organizational changes with effect from 1 October 1999:
Kenneth H. Pinkston is appointed a Vice-Chairman of the Group. Mr. Pinkston will
focus on leading a drive to recruit top producer talent and enhance managerial
strength, direct efforts to achieve major account wins and co-ordinate the
strategic development of carrier relationships to rationalize placing, increase
income and reduce the costs of doing business for Willis. John Reeve, Group
Executive Chairman, comments: "These are vital issues for Willis that
specifically exploit the strategic opportunities that private ownership under
KKR bring."
Although primarily involved with North America, Mr. Pinkston will also oversee
and assist such initiatives globally, will continue his involvement with WISe,
formerly known as the World Insurance Network ("WIN"), and will undertake
specific assignments on behalf of the Board.
Brian D. Johnson is appointed President and Chief Executive Officer of Willis
Corroon Corporation, with overall responsibility for both the North American
Retail and US Wholesale operations, replacing Mr. Pinkston. In addition, Mr.
Johnson will be overseeing Willis Corroon Corporation's Business Process
Re-engineering Project within Retail operations. Mr. Johnson joined Willis in
1988, has served as Vice Chairman and Chief Operating Officer of Willis Corroon
Corporation since 1996, and is a member of the Group's Board.
George Nixon is appointed a Vice-Chairman of the Group. He will lead the Group's
Global Knowledge Management initiatives, including the creation and effective
operation of Practice Groups, assume responsibility for the Willis Institute and
oversee related activities concerned with training, development, learning and
support for behavioral change throughout the organization. Mr. Reeve comments:
"These are critical issues, both in relation to our migration towards becoming a
global, knowledge-based, Professional Services Firm and to our achieving
competitive differentiation in the market place." In addition, Mr. Nixon will
continue to chair the European Retail Advisory Board, his involvement with the
Group's German associate, Jaspers Wuppesahl, and with WISe and be available for
major client and carrier contact.
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Richard Bucknall is appointed Chairman of the Group's UK Retail operations, in
addition to his existing responsibilities for the Group's Global Specialties
businesses. Mr. Reeve states: "In his new role, Mr. Bucknall will focus, in
particular, on driving forward the Change Programme that is transforming all
parts of the UK Retail activities and on securing synergistic benefits between
the Group's UK-based Retail and Global Specialties activities."
Joe McSweeny, currently Chief Executive of Willis Corroon International Holdings
Limited, will join the Group's Executive Committee.
In light of these changes, the organization of the Board of the Group becomes:
John Reeve - Chairman; George Nixon - Vice-Chairman; Ken Pinkston -
Vice-Chairman; Richard Bucknall - Director; Tom Colraine - Director; Brian
Johnson - Director; John Pelly - Director; Patrick Lucas - Non-Executive
Director. The membership of the Board remains unchanged. Michael Chitty remains
Secretary to Board, as well as Secretary to the Group Executive Committee.
John Reeve comments: "These organizational changes are being made to reallocate
responsibilities in a way that best reflects the individual strengths of our
senior management team and thus optimizes the prospects for the future success
of the Group. We are confident that these changes will optimize the utilization
of our senior management strengths and will ensure that we achieve the demanding
objectives and targets that we have established for the development of the
Willis Group."
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
WILLIS CORROON GROUP LIMITED
By: /s/ Bart R. Schwartz
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Bart R. Schwartz
Assistant Secretary
Date: September 24, 1999
