--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-21-335147" form_type: "8-K" ticker: "WTW" cik: "0001140536" company_name: "WILLIS TOWERS WATSON PLC" filed_at: "2021-11-19T23:59:59+00:00" generated_at: "2026-06-28T06:26:23.209580+00:00" event_type: "leadership" sentiment: "positive" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Willis Towers Watson appoints four new directors, targets $300M+ cost savings by 2024 ## Summary - 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. ## SEC filing metadata - accession: 0001193125-21-335147 - form_type: 8-K - ticker: WTW - cik: 0001140536 - company_name: WILLIS TOWERS WATSON PLC - filed_at: 2021-11-19T23:59:59+00:00 - event_type: leadership - sentiment: positive - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 5.02, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/d207964d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-21-335147 - JSON: https://secwatch.observer/filing/0001193125-21-335147.json - Plain text: https://secwatch.observer/filing/0001193125-21-335147.txt ## Key facts - Executive change Michelle Swanback was appointed as Director at WILLIS TOWERS WATSON PLC. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - Executive change Jaymin Patel departed as Director at WILLIS TOWERS WATSON PLC. - Action: stepped down - Role: Director source text: Mr. Jaymin Patel has decided to step down from the Board on January 1,2022 evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - Executive change Inga Beale was appointed as Director at WILLIS TOWERS WATSON PLC. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - Executive change Fumbi Chima was appointed as Director at WILLIS TOWERS WATSON PLC. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - Executive change Carl Hess was appointed as Chief Executive Officer at WILLIS TOWERS WATSON PLC. - Action: appointed - Role: Chief Executive Officer source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - Executive change John Haley departed as Director at WILLIS TOWERS WATSON PLC. - Action: stepped down - Role: Director source text: John Haley steps down from the Board at the end of his contract term. evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - Executive change Victor Ganzi departed as Director at WILLIS TOWERS WATSON PLC. - Action: not standing for re-election - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm - Executive change Michael Hammond was appointed as Director at WILLIS TOWERS WATSON PLC. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1140536/000119312521335147/0001193125-21-335147-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.