WTW appoints new Non-Executive Chair for May 2025

NEW YORK - WTW (NASDAQ: WTW), a global advisory, broking and solutions company with a market capitalization of $33.86 billion, has announced a leadership change with the appointment of Paul Reilly as the new Non-Executive Chair of the Board. The company, trading near its 52-week high of $339.89, has demonstrated strong market performance with a 26.81% return over the past year. According to InvestingPro analysis, WTW’s stock is currently trading close to its Fair Value. Reilly will assume the role following the company’s Annual General Meeting (AGM) scheduled for May 2025.

Paul Thomas, the current Non-Executive Chair, who has been at the helm since the 2022 AGM, will retire and not seek re-election. Thomas’s tenure included the period following the 2016 merger of Towers Watson and Willis Group Holdings, where he contributed to the company’s strategic direction and growth, during which WTW has maintained dividend payments for 23 consecutive years and achieved revenue growth of 4.71% in the last twelve months.

Reilly, who joined the WTW Board in October 2022, brings a wealth of experience from his time as Executive Chair of Raymond (NSE:RYMD) James Financial (NYSE:RJF) and leadership roles at Korn/Ferry International (NYSE:KFY) and KPMG International. His appointment is seen as a strategic move to drive WTW’s performance and efficiency.

Carl Hess (NYSE:HES), CEO of WTW, expressed gratitude for Thomas’s leadership and welcomed Reilly, highlighting his global financial and professional services experience as a valuable asset for the company’s future.

Reilly expressed his honor at the appointment and eagerness to contribute to WTW’s success, building on the foundation laid by Thomas.

WTW, known for its data-driven, insight-led solutions, operates in over 140 countries, focusing on people, risk, and capital to help organizations achieve sustainable success. The company maintains a solid financial health score of "GOOD" according to InvestingPro, which offers comprehensive analysis and additional insights through its Pro Research Report, available for over 1,400 US stocks.

The leadership transition is part of WTW’s forward-looking statements, which involve risks and uncertainties. While the company cautions that actual results may vary from expectations, InvestingPro data shows analysts expect the company to return to profitability this year, with projected earnings per share of $17.02. The company cautions that forward-looking statements are not guarantees of future performance.

This article is based on a press release statement and does not constitute an endorsement of WTW’s claims. The information provided is intended to offer a factual report on the company’s leadership changes.

In other recent news, Willis Towers Watson (NASDAQ:WTW) has made several notable developments. The company announced the appointment of Helen Campbell as the new Head of Property Wordings for North America, bringing over 25 years of industry experience to the role. Meanwhile, Jefferies analyst Andrew Andersen revised the company’s stock price target to $373, down from $382, but maintained a "Buy" rating, citing factors like investments in reinsurance and foreign exchange impacts. Similarly, Goldman Sachs adjusted its price target for Willis Towers Watson to $378, maintaining a Buy rating due to non-core business factors affecting earnings estimates.

BMO Capital Markets also revised its outlook, lowering the price target to $320 while keeping a Market Perform rating. The firm noted a decrease in earnings projections but highlighted the company’s improving free cash flow margin. Additionally, Willis Towers Watson launched a new accelerator for its Radar rating and analytics engine, aimed at enhancing insurance pricing and underwriting processes. This new tool is designed to integrate with Guidewire (NYSE:GWRE)’s PolicyCenter, offering insurers faster and more precise market pricing capabilities. These developments reflect Willis Towers Watson’s ongoing strategic initiatives and adjustments in response to market conditions.

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