Willis Group Holdings has appointed Vic Krauze as new chairman and CEO of Willis North America.

Krauze will report to Joe Plumeri, chairman and CEO of Willis Group, and will serve as a member of Willis’ executive committee.

Krauze, formerly president and COO of Willis North America, will succeed Don Bailey, who is leaving the company in December after a transition period.

Krauze joined Willis in 1997 as a producer and was soon promoted to president and CEO of the company’s Minnesota operations.

In July 2003, he was named National Partner of the Great Lakes Region, which became part of the company’s larger Central Region in 2006 under his leadership. He was appointed COO of Willis North America in February 2008 and was also named president in August 2009.

In addition to Krauze’s appointment, Willis also appointed Todd Jones, formerly National Partner for the Northeast Region, as president of Willis North America, reporting to Krauze.

Jones joined Willis in September 2003. He served as National Partner for the Northeast Region since 2007, overseeing all aspects of Willis’ retail operations in the Northeastern US, and driving growth and strategic development in the region. Previously, Jones served as the North American Practice Leader for Willis’ Executive Risks practice.