Insurance broker Willis Towers Watson announced that its board of directors has unanimously selected Carl Hess as the company’s new president and next chief executive officer.
Hess, who currently serves as Willis Towers Watson’s head of Investment, Risk and Reinsurance business segment, will immediately assume the role of president and will succeed John Haley as CEO upon his retirement on Jan. 1, 2022.
Haley had planned to retire at the closing of the acquisition of Willis by Aon, which was scrapped in late July after the U.S. Department of Justice filed a civil antitrust lawsuit to stop the merger. Haley later reaffirmed his plan to retire by year-end and indicated a succession plan was under way.
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, as 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 Bachelor of Arts degree cum laude in logic and language from Yale University.
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“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,” Ganzi added.
“On behalf of the board, I want to thank John for his years of thoughtful leadership and continued guidance during this transition,” he said.
“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,” commented Haley. “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.”
Source: Willis Towers Watson
Topics Trends Willis Towers Watson
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