WTW chief John Haley details intention to retire

“As a part of our ongoing planning course of, the board of administrators has been working with me on CEO succession,” stated Haley throughout WTW’s second quarter earnings name.

“I nonetheless intend to retire, and I’ll proceed to work with the board to make sure a easy transition of the CEO function. This can require an announcement of my alternative in an satisfactory timeframe to make sure that is completed.”

Through the Q&A portion, as proven within the name transcript revealed by Looking for Alpha, the longtime boss responded to a question about his potential alternative.

With out revealing whether or not exterior candidates could be thought-about for the highest put up, Haley acknowledged: “My contract runs via the tip of the yr, and I believe the intention could be to not lengthen that however to determine a successor and have that successor named earlier than that point.

“I’ll be working with the board on that. The board has a really thorough course of and considers every part, after all. This isn’t new – we’ve been doing this for lots of years and so we’re not simply beginning at sq. one right here.”

In 2018, WTW prolonged Haley’s contract till January 01, 2021. Final yr, when the now-scrapped Aon transaction was introduced in March, it was famous that he would turn out to be govt chairman of the mixed enterprise.

“We now transfer ahead with confidence and from a place of energy,” declared Haley. “As we glance to the longer term, we’ll construct on our successes, which have been important as evidenced by our efficiency over the past a number of quarters.”

Within the second quarter of 2021, the corporate reported a 96% enhance in web earnings attributable to WTW to $184 million.

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