Dominic Casserley, president and deputy CEO of Willis Towers Watson, will leave the company when his employment agreement ends on Dec. 31, 2016, the global advisory and broking company confirmed on Tuesday.
Casserley took his present position in January 2016 when Willis and Towers Watson merged. Prior to that he was CEO of Willis Group, a position he had held since he joined the broker in January 2013.
“I have been honored to lead Willis for three years, and to help build Willis Towers Watson this year,” Casserley said in a media statement, which noted that the total return to Willis shareholders was 58 percent during his tenure as CEO.
The statement also noted that from 2013 to 2015, Willis advanced its core organic “Analytical Broker” and “Connecting Willis” strategies, introduced industry specialization, deepened its broking capabilities and re-engineered many core processes, while at the same time growing inorganically. Highlights of inorganic growth initiatives included executing a partnership with Miller in London, completing the acquisition of Gras Savoye, and expanding health care advisory and brokerage capabilities.
Since January, at the merged Willis Towers Watson, Casserley was a member of the board. He co-led the integration process and was head of one of the global business segments, Investment Risk and Reinsurance.
At the time of the merger, Casserley opted not to take severance from Willis where was CEO and took a lesser role of deputy CEO at the newly-merged firm.
WTW CEO John Haley thanked Casserley particularly “for his partnership and tireless efforts in achieving the creation of Willis Towers Watson,” starting with their initial discussions in early 2015 through the deal close in January 2016, and for Casserley’s efforts this year in driving the integration forward.
In the same media statement, Jim McCann, formerly the Willis Group chairman, and now the chairman of Willis Towers Watson, credited Casserley with leading “the evolution of Willis into a global, analytical professional services organization,” as well as “the bold expansion of the Willis franchise around the world,” adding that Casserley was “crucial to the design, negotiation and success of the Willis Towers Watson merger.”
One day after confirming Casserley’s departure, Willis Towers Watson announced several additional senior management changes.
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