Willis Towers Watson selects Carl Hess as President and Future CEO
August 16 2021 - 8:00AM
Willis Towers Watson (NASDAQ: WLTW), a leading global advisory,
broking and solutions company, today announced that its board of
directors has unanimously selected Carl Hess as the company’s new
president and next chief executive officer (CEO). Hess, who
currently serves as Willis Towers Watson’s Head of Investment, Risk
and Reinsurance business segment, will immediately assume the
president role and succeed John Haley, upon his retirement, as CEO
on January 1, 2022.
“Following a thorough, multi-year succession planning process,
including input from a third-party consultant to assess the
experience and attributes of potential internal and external
candidates, the Board is confident Carl is the right person to
guide the company forward,” said Victor Ganzi, Chairman. “Carl is
an exceptional leader with a strong track record of delivering
results, depth of experience and understanding across Willis Towers
Watson’s various businesses and a proven ability to bring together
and motivate colleagues across the company to deliver value for
clients and shareholders. We look forward to his continued
contributions as president and future CEO. On behalf of the Board,
I want to thank John for his years of thoughtful leadership and
continued guidance during this transition.”
Haley added, “Carl has played a key role in the evolution and
growth of Willis Towers Watson through his diverse leadership roles
across our business segments and geographies. I’m confident that
with his leadership, Willis Towers Watson will continue to offer a
compelling colleague experience, innovate and adapt to address
client needs, deliver significant value for our shareholders and
better the communities in which we live and work.”
“I’m honored by the opportunity to lead this exceptional company
of talented, resilient and dedicated colleagues,” said Hess. “I am
excited to fulfill our purpose for the benefit of our clients and
all of our stakeholders: to create clarity and confidence today for
a more sustainable tomorrow. Thanks to John’s leadership, Willis
Towers Watson is well positioned to compete vigorously across our
businesses around the world. I look forward to working together to
ensure a smooth transition over the next several months.”
Hess began his career at the company in 1989 and has held
diverse leadership positions spanning business segment and
geography roles. Prior to his current role, Hess served as
co-leader of North America at Willis Towers Watson and before that,
managing director, the Americas, of Towers Watson. He served as the
managing director of Towers Watson's Investment business since
January 2010 and also worked in a variety of roles for over 20
years at Watson Wyatt, lastly as global practice director of Watson
Wyatt's Investment business. Hess is a Fellow of the Society of
Actuaries and the Conference of Consulting Actuaries, and a
Chartered Enterprise Risk Analyst. He has a B.A. cum laude in logic
and language from Yale University.
As previously announced, Willis Towers Watson will
host an Investor Day on September 9, 2021. Specific details
for this event will be announced at a later date.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global
advisory, broking and solutions company that helps clients around
the world turn risk into a path for growth. With roots dating to
1828, Willis Towers Watson has 45,000 employees serving more than
140 countries and markets. We design and deliver solutions that
manage risk, optimize benefits, cultivate talent, and expand the
power of capital to protect and strengthen institutions and
individuals. Our unique perspective allows us to see the critical
intersections between talent, assets and ideas — the dynamic
formula that drives business performance. Together, we unlock
potential. Learn more at willistowerswatson.com.
PR Contact:
Miles RussellMiles.russell@willistowerswatson.com+44 (0)
7903262118
Josh WozmanJosh.wozman@willistowerswatson.com +1 415 318
6441
Investor Relations Contact: Claudia De La
HozClaudiadelahoz@willistowerswatson.com +1 215 246 6221
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. You can identify these statements and other forward-looking
statements in this document by words such as “may”, “will”,
“would”, “expect”, “anticipate”, “believe”, “estimate”, “plan”,
“intend”, “continue”, or similar words, expressions or the negative
of such terms or other comparable terminology. These statements
include, but are not limited to, statements regarding future
leadership transitions, the company’s future results, plans,
objectives, expectations and intentions and other statements that
are not historical facts. Such statements are based upon the
current beliefs and expectations of Willis Towers Watson’s
management and are subject to significant risks and uncertainties.
Actual results may differ from those set forth in the
forward-looking statements.
Factors that could cause actual results to differ from those set
forth in the forward-looking statements are identified under “Risk
Factors” and elsewhere in Willis Towers Watson’s most recent Annual
Report on Form 10-K and in subsequent quarterly reports filed with
the SEC.
You should not rely upon forward-looking statements as
predictions of future events because these statements are based on
assumptions that may not come true and are speculative by their
nature. Willis Towers Watson does not undertake an obligation to
update any of the forward-looking information included in this
document, whether as a result of new information, future events,
changed expectations or otherwise.
Willis Towers Watson Pub... (NASDAQ:WLTW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Willis Towers Watson Pub... (NASDAQ:WLTW)
Historical Stock Chart
From Apr 2023 to Apr 2024