Willis Towers Watson Management

Management criteria checks 1/4

Willis Towers Watson's CEO is Carl Hess, appointed in Jan 2022, has a tenure of 2.83 years. total yearly compensation is $12.67M, comprised of 7.9% salary and 92.1% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth €19.22M. The average tenure of the management team and the board of directors is 3.4 years and 2.8 years respectively.

Key information

Carl Hess

Chief executive officer

US$12.7m

Total compensation

CEO salary percentage	7.9%
CEO tenure	2.8yrs
CEO ownership	0.06%
Management average tenure	3.4yrs
Board average tenure	2.8yrs

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
Sep 30 2024	n/a	n/a	-US$722m
Jun 30 2024	n/a	n/a	US$1b
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 ($USD12.67M) is above average for companies of similar size in the German market ($USD4.83M).

Compensation vs Earnings: Carl's compensation has increased whilst the company is unprofitable.

CEO

Carl Hess (62 yo)

2.8yrs

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	2.8yrs	US$12.67m	0.065% € 19.2m
Andrew Krasner	Chief Financial Officer	3.2yrs	US$3.79m	0.0076% € 2.3m
Matthew Furman	General Counsel	8.8yrs	US$2.53m	0.031% € 9.2m
Adam Garrard	Chairman of Risk & Broking	8.8yrs	US$3.03m	0.011% € 3.3m
Julie Gebauer	President of Health	8.8yrs	US$3.39m	0.069% € 20.6m
Alexis Faber	Chief Operating Officer	3.3yrs	no data	0.0055% € 1.6m
Chris Ford	Global Head of Investment	no data	no data	no data
Joseph Kurpis	Principal Accounting Officer & Controller	3.5yrs	no data	0.00067% € 199.2k
Eric Latalladi	Global Head of Technology	less than a year	no data	no data
Claudia La Hoz	Head of Investor Relations	no data	no data	no data
Kristy Banas	Chief Human Resources Officer	3.3yrs	no data	0.0061% € 1.8m
Gianmarco Tosti	Head of Corporate Risk & Broking and Italy Country Manager	15.7yrs	no data	no data

3.4yrs

Average Tenure

56yo

Average Age

Experienced Management: WTY's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carl Hess	CEO & Director	2.8yrs	US$12.67m	0.065% € 19.2m
Paul Reilly	Independent Director	2.1yrs	US$325.00k	0.00089% € 264.6k
Paul Thomas	Independent Non-Executive Chair of the Board	8.8yrs	US$525.00k	0.012% € 3.7m
Frederic Tomczyk	Independent Director	1.6yrs	US$327.08k	0.00053% € 157.6k
Michael Hammond	Independent Director	2.8yrs	US$340.52k	0.0011% € 327.0k
Jacqueline Hunt	Independent Director	1.6yrs	US$327.08k	0.00053% € 157.6k
Inga Beale	Independent Director	2.8yrs	US$340.52k	0.0011% € 327.0k
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	9.8yrs	no data	no data
Stephen Chipman	Independent Director	1.6yrs	US$327.08k	0.00053% € 157.6k
Funmibi Chima	Independent Director	2.6yrs	US$332.76k	0.0016% € 478.6k
Michelle Swanback	Independent Director	2.8yrs	US$340.00k	0.0011% € 327.0k

2.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: WTY's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Willis Towers Watson Management

Management criteria checks 1/4

Key information

Recent management updates

WTW Appoints Talal Omar Bahafi as Head of Insurance Broking, WTW Saudi Arabia

WTW Announces Management Changes

WTW Appoints Parveen Kaur as Global Leader of Operations, Strategy Execution and Data to Neuron

Willis Towers Watson Public Limited Company Announces Executive Appointments

WTW Announces Executive Changes

Willis Towers Watson Public Limited Company Announces Appointment of Eric Latalladi as Global Head of Technology

Recent updates

WTW Provides Earnings Guidance for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings released: US$16.42 loss per share (vs US$1.30 profit in 3Q 2023)

WTW Expands Japan's Corporate Risk & Broking Business with New Insurance Broking Service

WTW Appoints Talal Omar Bahafi as Head of Insurance Broking, WTW Saudi Arabia

Willis Towers Watson Public Limited Company to Report Q3, 2024 Results on Oct 31, 2024

WTW Announces Management Changes

WTW Appoints Parveen Kaur as Global Leader of Operations, Strategy Execution and Data to Neuron

Upcoming dividend of US$0.88 per share

WTW Announces Expansion of its Radar Software to Enable Real-Time Python Execution

Second quarter dividend of US$0.88 announced

Willis Towers Watson Public Limited Company Announces Executive Appointments

WTW Announces Regular Quarterly Dividend for the Quarter Ended June 30, 2024, Payable on October 15, 2024

Now 21% overvalued after recent price rise

Second quarter 2024 earnings released: EPS: US$1.37 (vs US$0.88 in 2Q 2023)

WTW Announces Executive Changes

Willis Towers Watson Public Limited Company Announces Appointment of Eric Latalladi as Global Head of Technology

Willis Towers Watson Public Limited Company Announces Executive Changes

Willis Towers Watson Public Limited Company to Report Q2, 2024 Results on Jul 25, 2024

WTW Announces Executive Appointments

First quarter dividend of US$0.88 announced

WTW Approves Regular Quarterly Cash Dividend for the Quarter Ended March 31, 2024, Payable on or About July 15, 2024

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