Willis Towers Watson (WTW) not only has a new global leadership team but is also restructuring the business.
Starting next year, the group will operate under a two-segment structure. Effective January 01, the two segments are health, wealth & career and risk & broking. Currently and until then, WTW consists of four segments – human capital & benefits; corporate risk & broking; investment, risk & reinsurance; and benefits delivery & administration.
Operations are also split into three geographies – Europe, international, and North America.
The new global leadership team under chief executive John Haley and president Carl Hess comprises the following leaders:
Subject to regulatory and other approvals, Swift is succeeding Nicolas Aubert as chief executive of Willis Limited, the group’s principal UK-regulated entity. Aubert, who is also head of Great Britain and has been with WTW since 2015, will continue in his roles during a transition period, after which he is leaving to pursue new interests. Further details of the departure were not disclosed.
Meanwhile, it was also announced that Joe Gunn and John Bremen are taking on “critical” new posts. Gunn will become chair of corporate risk and broking North America, while Bremen has been tapped to develop a new corporate function called “innovation & acceleration”.
Haley, who will serve as CEO before passing on the baton to Hess, described the new management as highly accomplished leaders who “embody the true spirit” of one WTW.
“This global leadership team consists of voices across our geographies, segments, and functions,” said the outgoing boss. “We believe this balanced approach strengthens teamwork, fosters collaboration, enables us to make better decisions, and leads to faster execution once a decision is made.
“Willis Towers Watson is well positioned to compete vigorously and innovate quickly across our businesses around the world.”