- Push-out Score determined
- After about six years in the position
- Praise and thanks for Haley
- Carl Hess taking over
- Haley said 66 words
(exechange) — Arlington, Virginia, August 16, 2021 — John Haley, chief executive of Willis Towers, leaves. As announced by Willis Towers Watson Plc in a news release and in a regulatory filing published on Monday, August 16, 2021, John J. Haley leaves his post as chief executive officer at the insurance broker, after about six years in the role, effective December 31, 2021.
John Haley’s duties as CEO will be taken over by Carl Hess, most recently head of the Investment, Risk and Reinsurance segment at Willis Towers Watson Plc.
“Thorough, multi-year succession planning process”
John Haley’s departure from the CEO post is explained as follows. Victor Ganzi, Chairman, said: “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.”
Precise information regarding John Haley’s future plans was not immediately available.
“Retirement”
Willis Towers said: “Hess, who currently serves as Willis Towers Watson’s Head of Investment, Risk and Reinsurance business segment, will immediately assume the president role and succeed John Haley, upon his retirement, as CEO on January 1, 2022.”
Share price increase since August 2016
The announcement follows an increase in Willis Towers Watson Plc’s share price of 77% since August 2016.
Chaired by Victor Ganzi
Victor Ganzi serves as Willis Towers Watson Plc’s Chairman.
Victor F. Ganzi has served as Non-Executive Chairman of the Willis Towers Watson Board since January 1, 2019 and as a director since January 4, 2016.
In the position of CEO since 2016
John Haley became CEO of the Company in 2016.
John J. Haley has served as CEO and on the Board since January 4, 2016, and prior to that, as CEO and Chairman of the legacy Towers Watson board of directors starting in January 2010 and as President starting in October 2011.
Prior to his roles at legacy Towers Watson, Haley served as President and CEO of Watson Wyatt beginning on January 1, 1999, as Chairman of the board of Watson Wyatt beginning in 1999 and as a director of Watson Wyatt beginning in 1992.
Haley joined Watson Wyatt in 1977.
Prior to becoming President and CEO of Watson Wyatt, he was the Global Director of the Benefits Group at Watson Wyatt.
Haley serves as a director of the public company board of MAXIMUS, Inc. and on the boards of New World Symphony and the Miami Cancer Institute.
Haley is a Fellow of the Society of Actuaries, and a member of the American Academy of Actuaries and the Conference of Consulting Actuaries.
He previously served on the board of Hudson Global, Inc., an executive search, specialty staffing and related consulting services firm.
Haley is a co-author of Fundamentals of Private Pensions (University of Pennsylvania Press).
He holds an A.B. in Mathematics from Rutgers College and studied under a Fellowship at the Graduate School of Mathematics at Yale University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding John Haley’s move on a scale of 0 to 10.
exechange reached out to Willis Towers and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 34.2021 ($).