Global broker Willis Group Holdings has announced that Martin Sullivan, the Group’s deputy chairman and chairman and CEO of the Willis Global Solutions unit, will be leaving the firm in May of 2013, after a transition, to pursue other interests. The news comes on the heels of the company’s fourth-quarter net loss of $804 million and net loss of $446 million for fiscal 2012.Willis also announced that it will be making 200 job cuts to their 17,000 strong staff, that will be spread out worldwide.Following 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 Group Operating Committee.“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,” said Willis Group CEO, Dominic Casserley. “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.”Deputy CEO Steve Hearn, in his role as CEO of Willis Global, will lead the Global Solutions unit, building on the many accomplishments that the unit has achieved since its launch in 2010.