8-K
filed November 19, 2021, 6:59 PM ET
ticker WTW
CIK 0001140536
leadership
confidence high
sentiment positive
materiality 0.70
Willis Towers Watson appoints four new directors, targets $300M+ cost savings by 2024
WILLIS TOWERS WATSON PLC
- New directors: Inga Beale, Fumbi Chima, Michael Hammond, Michelle Swanback; three on Jan 1, Chima on April 1.
- Jaymin Patel steps down Jan 1; Chairman Victor Ganzi not standing for reelection at 2022 annual meeting.
- Operational Transformation Committee to oversee plan aiming for $300M+ run-rate cost savings by end of 2024.
- Carl Hess becomes CEO and joins board Jan 1; John Haley steps down.
- Board to reduce from 12 to 9 after 2022 annual meeting; five of nine will be new.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michelle Swanback was appointed as Director at WILLIS TOWERS WATSON PLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
announced its appointments of Ms. Inga Beale, Ms. Fumbi Chima, Mr. Michael Hammond, and Ms. Michelle (Shelly) Swanback to the Board, with such appointments effective January 1, 2022 in the case of Ms. Beale, Mr. Hammond and Ms. Swanback, and April 1, 2022, in the case of Ms. Chima.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jaymin Patel departed as Director at WILLIS TOWERS WATSON PLC.
- Action
- stepped down
- Role
- Director
Exact text from the filing
Mr. Jaymin Patel has decided to step down from the Board on January 1,2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Inga Beale was appointed as Director at WILLIS TOWERS WATSON PLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
announced its appointments of Ms. Inga Beale, Ms. Fumbi Chima, Mr. Michael Hammond, and Ms. Michelle (Shelly) Swanback to the Board, with such appointments effective January 1, 2022 in the case of Ms. Beale, Mr. Hammond and Ms. Swanback, and April 1, 2022, in the case of Ms. Chima.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Fumbi Chima was appointed as Director at WILLIS TOWERS WATSON PLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
announced its appointments of Ms. Inga Beale, Ms. Fumbi Chima, Mr. Michael Hammond, and Ms. Michelle (Shelly) Swanback to the Board, with such appointments effective January 1, 2022 in the case of Ms. Beale, Mr. Hammond and Ms. Swanback, and April 1, 2022, in the case of Ms. Chima.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carl Hess was appointed as Chief Executive Officer at WILLIS TOWERS WATSON PLC.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Carl Hess will join the Board on January 1, 2022 when he becomes Chief Executive Officer and John Haley steps down from the Board at the end of his contract term.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Haley departed as Director at WILLIS TOWERS WATSON PLC.
- Action
- stepped down
- Role
- Director
Exact text from the filing
John Haley steps down from the Board at the end of his contract term.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.7
Victor Ganzi departed as Director at WILLIS TOWERS WATSON PLC.
- Action
- not standing for re-election
- Role
- Director
Exact text from the filing
Mr. Victor Ganzi will continue to serve as a member of the Board and as Chair through the end of his current Board term, which runs until the 2022 annual meeting of shareholders, and he has decided not to stand for re-election to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Hammond was appointed as Director at WILLIS TOWERS WATSON PLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
announced its appointments of Ms. Inga Beale, Ms. Fumbi Chima, Mr. Michael Hammond, and Ms. Michelle (Shelly) Swanback to the Board, with such appointments effective January 1, 2022 in the case of Ms. Beale, Mr. Hammond and Ms. Swanback, and April 1, 2022, in the case of Ms. Chima.
View on SEC.gov
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