LONDON & ARLINGTON, Va.--(BUSINESS WIRE)--Willis Towers Watson Public Limited Company (NASDAQ:WLTW) announced today that Jim Foreman, managing director of the company’s Exchange Solutions business segment, will retire at the end of March 2016. Gene Wickes, currently co-leading the integration efforts for Willis Towers Watson, will succeed Foreman.
“I would like to thank Jim for his many contributions during his long and distinguished career at the company,” said John Haley, CEO of Willis Towers Watson. “Since 1985, Jim has provided tremendous leadership in a number of key roles, including serving as a member of our Management Committee, the head of our Americas region, and most recently as head of our Exchange Solutions business. With Exchange Solutions well positioned in the market, a successful 2015 enrollment period, and the Willis Towers Watson transaction now complete, Jim feels the time is right to start a new chapter. We wish him well in his retirement.”
During his tenure, Wickes has held several key leadership positions and served as a member of the Management Committee. Prior to the Willis Towers Watson merger, he was managing director for the Benefits business, the company’s largest and most profitable business segment, for 12 years.
“I am confident that Gene will continue to build on the solid foundation that Jim has created for Exchange Solutions,” said Haley. “With the changing health care landscape, we remain confident that our innovative exchange-based services and solutions will offer tremendous value for our clients, and provide significant market opportunities for Willis Towers Watson.”
This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements and other forward-looking statements in this document by words such as “may”, “will”, “would”, “expect”, “anticipate”, “believe”, “estimate”, “plan”, “intend”, “continue”, or similar words, expressions or the negative of such terms or other comparable terminology. These statements include, but are not limited to, the benefits of the business combination transaction involving Towers Watson and Willis Group, including the combined company’s future financial and operating results, plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of Willis Towers Watson’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the risk that the businesses will not be integrated successfully; the risk that anticipated cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected; the risks that the Exchange Solutions segment will not meet its financial targets or fully integrate with the Willis business; the risks inherent in changes in management, including without limitation the risk that the segment is not managed successfully; the potential impact of the consummation of the transaction on relationships, including with employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; significant competition; compliance with extensive government regulation; the company’s ability to make acquisitions and its ability to integrate or manage such acquired businesses. Additional risks and factors are identified under “Risk Factors” in Towers Watson’s most recent Annual Report on Form 10-K and Willis’s most recent Annual Report on Form 10-K, in subsequent quarterly reports filed with the SEC by those Companies, and in the joint proxy statement/prospectus for the merger, all of which are on file with the SEC.
You should not rely upon forward-looking statements as predictions of future events because these statements are based on assumptions that may not come true and are speculative by their nature. Willis Towers Watson does not undertakes an obligation to update any of the forward-looking information included in this document, whether as a result of new information, future events, changed expectations or otherwise.
About Willis Towers Watson
Willis Towers Watson (NASDAQ:WLTW) 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 39,000 employees in more than 120 countries. 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. Together, we unlock potential. Learn more at willistowerswatson.com.