| Willis Towers Watson Announces Changes with Respect to the Board of Directors Appointment of Four New Directors Supported by Elliott Management to Oversee Execution of the Company's New Strategic Plan New Board-Level Committee to Help Oversee the Company's Operational Transformation Plan |
| DUBLIN, November 18, 2021 - Willis Towers Watson (the "Company") is pleased to announce that it has selected Inga Beale, Fumbi Chima, Michael Hammond, and Michelle (Shelly) Swanback to join its Board of Directors. As previously announced, the Company had been engaging in a thorough, multi-year succession planning process prior to announcing the transaction with Aon in March 2020, including planning with respect to the composition of the Board. Today's announcement, together with the CEO transition plan announced in August and the plans discussed in September at Investor Day, build upon this work. Three of the four new directors (Ms. Beale, Mr. Hammond and Ms. Swanback) will join the Board effective January 1, 2022, concurrent with the transition to Carl Hess as the new CEO. Ms. Chima will join the Board effective April 1, following her ending another commitment. The new directors were selected in connection with the Corporate Governance and Nominating Committee's process, including with the assistance of a leading search firm, and following a constructive engagement with Elliott Investment Management L.P. (together with its affiliates, "Elliott"), one of the Company's... |
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