Willis deputy Sullivan set to leave

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The news came in the same week that the broking giant reported a loss of $805m [£520m] for the final quarter of 2012, as well as plans for 200 job losses.

Mr Sullivan was also CEO of the Willis Global Solutions unit. This will now be led by deputy CEO Steve Hearn, in his role as CEO of Willis Global.

The firm added that, following Mr Sullivan's departure, Willis Group's corporate governance will be streamlined to include the CEO, deputy CEO and non-executive chairman, supported by the Willis

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