Willis Towers Watson Management

Management criteria checks 2/4

Willis Towers Watson's CEO is Carl Hess, appointed in Jan 2022, has a tenure of 2.25 years. total yearly compensation is $12.67M, comprised of 7.9% salary and 92.1% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth €15.14M. The average tenure of the management team and the board of directors is 5.6 years and 2.3 years respectively.

Key information

Carl Hess

Chief executive officer

US$12.7m

Total compensation

CEO salary percentage	7.9%
CEO tenure	2.3yrs
CEO ownership	0.06%
Management average tenure	5.6yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Carl Hess's remuneration changed compared to Willis Towers Watson's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$13m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$11m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$5m	US$767k	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$976m
Dec 31 2020	US$4m	US$650k	US$738m
Sep 30 2020	n/a	n/a	US$811m
Jun 30 2020	n/a	n/a	US$768m
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$4m	US$644k	US$820m

Compensation vs Market: Carl's total compensation ($USD12.67M) is above average for companies of similar size in the German market ($USD5.58M).

Compensation vs Earnings: Carl's compensation has been consistent with company performance over the past year.

CEO

Carl Hess (61 yo)

2.3yrs

Tenure

US$12,668,832

Compensation

Mr. Carl A. Hess, F.S.A. & CERA is a Member of Board of Trustees at American Institute for Chartered Property Casualty Underwriters from June 15, 2022. He has been Chief Executive Officer and Director of W...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carl Hess	CEO & Director	2.3yrs	US$12.67m	0.062% $ 15.1m
Andrew Krasner	Chief Financial Officer	2.6yrs	US$3.79m	0.0048% $ 1.2m
Matthew Furman	General Counsel	8.3yrs	US$2.53m	0.029% $ 7.1m
Adam Garrard	Global Head of Risk & Broking	8.3yrs	US$3.03m	0.0088% $ 2.2m
Julie Gebauer	Global Head of Health	8.3yrs	US$3.39m	0.066% $ 16.2m
Alexis Faber	Chief Operating Officer	2.7yrs	no data	0.0063% $ 1.6m
Chris Ford	Global Head of Investment	no data	no data	no data
Joseph Kurpis	Principal Accounting Officer & Controller	2.9yrs	no data	0.00045% $ 110.5k
Claudia La Hoz	Head of Investor Relations	no data	no data	no data
Kristy Banas	Chief Human Resources Officer	2.7yrs	no data	0.0030% $ 726.6k
Gianmarco Tosti	Head of Corporate Risk & Broking and Italy Country Manager	15.1yrs	no data	no data
William Dubinsky	MD & Head of Insurance-Linked Securities - WCMA	14yrs	no data	no data

5.6yrs

Average Tenure

55yo

Average Age

Experienced Management: WTY's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carl Hess	CEO & Director	2.3yrs	US$12.67m	0.062% $ 15.1m
Paul Reilly	Independent Director	1.5yrs	US$325.00k	0.00043% $ 105.6k
Paul Thomas	Independent Non-Executive Chair of the Board	8.3yrs	US$525.00k	0.011% $ 2.8m
Frederic Tomczyk	Independent Director	less than a year	US$327.08k	0.000070% $ 17.2k
Michael Hammond	Independent Director	2.3yrs	US$340.52k	0.00064% $ 157.1k
Jacqueline Hunt	Independent Director	less than a year	US$327.08k	0.000070% $ 17.2k
Inga Beale	Independent Director	2.3yrs	US$340.52k	0.00064% $ 157.1k
James Vickers	Chairman of Willis Re International & Specialty	no data	no data	no data
Paddy Jago	Global Chairman of Willis Re & Chairman of Willis Re North America	9.3yrs	no data	no data
Stephen Chipman	Independent Director	less than a year	US$327.08k	0.000070% $ 17.2k
Funmibi Chima	Independent Director	2yrs	US$332.76k	0.00086% $ 211.1k
Michelle Swanback	Independent Director	2.3yrs	US$340.00k	0.00064% $ 157.1k

2.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: WTY's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Willis Towers Watson Management

Management criteria checks 2/4

Key information

Recent management updates

WTW Appoints Danielle Lombardo as Chair, Real Estate, Hospitality, and Leisure (REHL) division, Corporate Risk and Broking (CRB) North America, WTW

Willis Towers Watson Public Limited Company Announces Executive Changes

Willis Towers Watson Public Limited Company Announces Appointment of Sean Plankey as Global Leader Cybersecurity Software

Willis Towers Watson Public Limited Company, Annual General Meeting, May 22, 2024

Global Head of Health recently sold €1.3m worth of stock

Global Head of Risk & Broking recently sold €1.4m worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$1.85 (vs US$1.90 in 1Q 2023)

WTW Appoints Danielle Lombardo as Chair, Real Estate, Hospitality, and Leisure (REHL) division, Corporate Risk and Broking (CRB) North America, WTW

Willis Towers Watson Public Limited Company Announces Executive Changes

Willis Towers Watson Public Limited Company Announces Appointment of Sean Plankey as Global Leader Cybersecurity Software

Willis Towers Watson Public Limited Company to Report Q1, 2024 Results on Apr 25, 2024

Willis Towers Watson Public Limited Company, Annual General Meeting, May 22, 2024

Upcoming dividend of US$0.88 per share

WTW Announces USAID Funding for Transformative Climate Finance Solution to Scale Up Adaptation Investment in Vulnerable Countries

Fourth quarter dividend of US$0.88 announced

Wtw Announces Dividend for the Quarter Ended December 31, 2023, Payable on or About April 15, 2024

Full year 2023 earnings released: EPS: US$10.05 (vs US$9.37 in FY 2022)

Global Head of Health recently sold €1.3m worth of stock

Global Head of Risk & Broking recently sold €1.4m worth of stock

WTW Appoints Ryohei Nakazawa as Head of Japan and Head of Corporate Risk & Broking Japan, Effective 1 April 2024

Now 23% overvalued after recent price rise

Full year 2023 earnings released: EPS: US$10.05 (vs US$9.37 in FY 2022)

Willis Towers Watson Public Limited Company Provides Earnings Guidance for the Full Year 2024

Willis Towers Watson Launches Tailored Cyber Insurance Solution for Small and Medium-Ssized Enterprises

Willis Towers Watson Public Limited Company to Report Q4, 2023 Results on Feb 06, 2024

Upcoming dividend of US$0.84 per share at 1.4% yield

Willis Towers Watson Public Limited Company (NasdaqGS:WTW) signed a definitive agreement to acquire Aimuw S.P.A.

Now 20% undervalued

WTW Approves Regular Quarterly Cash Dividend for the Quarter Ended September 30, 2023, Payable on or About January 16, 2024

WTW Appoints Chris Condello to Head Newly Created Asia Risk Division Within Corporate Risk and Broking, North America

Now 21% undervalued

Now 21% undervalued

Willis Towers Watson Public Limited Company Provides Financial Guidance for the Year 2023

New minor risk - Financial position

Third quarter 2023 earnings released: EPS: US$1.30 (vs US$1.66 in 3Q 2022)

Willis Towers Watson Appoints Global Chief Claims Officer

Willis Towers Watson Public Limited Company to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.84 per share at 1.6% yield

Willis Towers Watson Approves Regular Quarterly Cash Dividend on Common Share for the Quarter Ended June 30, 2023, Payable on or About October 16, 2023

Willis Towers Watson Public Limited Company Updates Earnings Guidance for Year 2024

Second quarter 2023 earnings released: EPS: US$0.88 (vs US$1.38 in 2Q 2022)

Willis Towers Watson Public Limited Company Announces Executive Changes

Willis Towers Watson Public Limited Company to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.84 per share at 1.4% yield

Insider recently sold €1.0m worth of stock

Willis Towers Watson Public Limited Company Approves Cash Dividend for the Quarter Ended March 31, 2023, Payable on or About July 17, 2023

First quarter 2023 earnings released: EPS: US$1.90 (vs US$0.94 in 1Q 2022)

Upcoming dividend of US$0.84 per share at 1.5% yield

WTW Appoints Wendy Crosley as Global Director of Underwriting Transformation and Automation

Full year 2022 earnings released: EPS: US$9.37 (vs US$16.73 in FY 2021)

Willis Towers Watson Appoints Deesha Doshi as an Executive Director

WTW Approves Quarterly Cash Dividend, Payable on or About April 17, 2023

WTW Announces Head of Taiwan Changes

WTW Launches Unique Online Client Portal for Aerospace Clients

Willis Towers Watson Public Limited Company to Report Q4, 2022 Results on Feb 09, 2023

Upcoming dividend of US$0.82 per share

WTW Appoints Derric Howard as EMEA Head of Commercial Lines Transformation

Willis Towers Watson Public Limited Company Appoints Evan Freely as New Global Head of Financial Solutions

Willis Towers Watson Public Limited Company Approves Quarterly Cash Dividend for the Quarter Ended September 30, 2022. Payable on or About January 17, 2023

Insider recently sold €1.8m worth of stock

Independent Director recently sold €1.5m worth of stock

High number of new directors

Third quarter 2022 earnings released: EPS: US$1.66 (vs US$7.09 in 3Q 2021)

An unknown buyer acquired Russian business of WTW from Willis Towers Watson Public Limited Company (NasdaqGS:WTW).

Willis Towers Watson Public Limited Company Hires Robert Lasovski as Head for Pc for Australasia

WTW launches Risk Intelligence Quantified

Willis Towers Watson Public Limited Company to Report Q3, 2022 Results on Oct 27, 2022

Michael Chang joins Willis Towers Watson Public Limited Company as Head of Corporate Risk and Broking North America

WTW Announces Management Appointments

Upcoming dividend of US$0.82 per share

Chief Financial Officer recently sold €218k worth of stock

WTW Announces Appointment of Christian Ryan as Industry Specialties Leader for Corporate Risk & Broking North America

Willis Towers Watson Public Limited Company Announces Regular Quarterly Dividend, Payable on or About October 17, 2022

Willis Towers Watson Public Limited Company Appoints Sean Deehan as Leader of Hong Kong and Macau

Second quarter 2022 earnings released