Martin Sullivan to leave Willis

Willis deputy chairman Martin Sullivan (pictured) will leave the broking group in May this year.

The one-time AIG chief executive, who also serves as chief executive of Willis Global Solutions, is leaving to pursue other interests, the company said.

Sullivan will not be replaced - Willis said its corporate governance structure would be “streamlined” to include the chief executive, deputy chief executive and non-executive chairman, supported by the group operating committee.

Deputy chief executive Steve Hearn, in his role as Willis Global chief executive, will assume Sullivan’s responsibility for running Willis Global Solutions.

Willis chief executive Dominic Casserley said: “Martin joined Willis as our deputy chairman at a time when we were determined to establish a deeper penetration among the world’s largest accounts. We are grateful for Martin’s service to our firm and the success that he and his team have enjoyed, and we intend to carry it forward.”

Sullivan’s departure follows Willis’s announcement earlier this week that it would be cutting 200 jobs group-wide.

Sullivan joined Willis after being ousted from the chief executive role at AIG in 2008. Sullivan was the annointed successor of iconic AIG founder and chief executive Maurice ‘Hank’ Greenberg, and took the reins following Greenberg’s departure in 2005.