– UK, London – Willis Towers Watson (NASDAQ: WLTW) today announced the selection of Inga Beale, Fumbi Chima, Mike Hammond, and Shelly Swanback to join its Board of Directors.
Three of the four new directors will join the Board effective January 1st, 2022, concurrent with the transition to Carl Hess as the new CEO, while Ms. Chima will join the Board effective April 1st.
“We are very pleased to have Ms. Beale, Ms. Chima, Mr. Hammond and Ms. Swanback join the Board. Collectively, they add to the Board a deep and broad base of knowledge and a wide diversity of experience and skills. We are confident they will add significant value to the Board through their insights into the opportunities and challenges the Company is facing as it moves forward with its strategic plan.” said ,” said Board Chairman, Victor Ganzi.
Jaymin Patel has decided to step down from the Board on January 1, and victor Ganzi has decided not to stand for re-election to the Board but will continue to serve as a member of the Board and as Chair until the 2022 AGM.
“We welcome the appointment of Ms. Beale, Ms. Chima, Mr. Hammond, and Ms. Swanback to the Board. We believe these four outstanding independent directors have the right combination of skills and experience to support the Company’s efforts to drive superior shareholder returns. The Company’s focus now turns to successful execution and Elliot looks forward to continuing our constructive engagement with Willis Towers Watson and to supporting the Board as well as Carl and the management team in the coming months as they implement the Company’s strategic plan,” said Mark Wills, Portfolio Manager at Elliott.
As previously announced, Carl Hess will join the Board on January 1, 2022, when he becomes CEO succeeding John Haley who will step down from the Board at the end of his contract term.
About Inga Beale
Ms. Beale is the former CEO of Lloyd’s of London, a role she held from 2014 to 2018. Previously, Ms. Beale was CEO of Canopius Group Ltd, with its principal operations at Lloyd’s, from 2012 to 2014. Before that, from 2008 through 2011, she was Global Chief Underwriting Officer and Head of Mergers & Acquisitions, Organizational Transformation, and Internal Consulting for Zurich Insurance Group. She held the role of Group CEO of Swiss reinsurer Converium Ltd in 2006 and 2007, joining after having spent 14 years in a variety of international roles for GE Insurance Solutions in both Europe and the US.
About Fumbi Chima
Ms. Chima is currently the EVP and CIO at Boeing Employees’ Credit Union, a role she has had since 2020. Ms. Chima previously served as CIO at Adidas AG, from 2019 to 2020, CIO at Fox Networks Group, from 2017 to 2019, CIO at Burberry Group plc, from 2015 to July 2017, and CIO – Asia, at Walmart, Inc., from 2014 to 2015. Mais. Chima also previously served in other leadership roles at Walmart, Inc. from 2010 to 2014, and as VP of Corporate Systems at American Express Co. from 2006 to 2010.
About Michael Hammond
Mr. Hammond is a retired senior executive with experience at several international insurance broking firms. Most recently, he served in a variety of senior roles at Lockton. This included Chairman and CEO, Lockton Overseas (from 2016 to 2017), Chairman, Lockton International Holdings Ltd. (from 2016 to 2017), CEO of Lockton International Holdings Ltd. (from 2005 to 2016), and CEO of Lockton Companies LLP (from 2010 to 2015). He previously served as CEO of JLT Risk Solutions and a member of the Board of JLT Group plc (from 2004 to 2005), and CEO of Marsh UK Ltd. (from 2000 to 2003) and Director of Marsh Ltd. and Marsh Europe (from 2001 to 2003).
About Michelle (Shelly) Swanback
Ms. Swanback is currently President, Product, and Platform, of The Western Union Company, a role she has had since 2020. From 2014 to 2020, Ms. Swanback served as the Group Operating Officer at Accenture Digital. She previously served as the lead for Accenture Technology, North America from 2012 to 2014. Before that, she served as a managing director in the North American operating unit of the Accenture Communications, Media, and Technology operating group from 2011 to 2012.
About Willis Towers Watson
Willis Towers Watson 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.
For more information: https://www.willistowerswatson.com/
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