Willis Towers Watson has set out its strategy following the collapsed acquisition by Aon and is seeking to, “grow, simplify, transform” the business and return more than £2.9bn to shareholders in 2021/22 through share buybacks.
By the end of its 2024 fiscal year, WTF aims to grow revenues by £7.2bn and improve margins by around 25% through £217m worth of savings driven by transformation and efficiency initiatives.
Carl Hess, president and future chief executive officer, said: “The central priorities of our strategy – grow, simplify and transform – build upon our core strengths, with a focus on driving sustainable revenue growth, improved operating margins and higher free cash flow conversion.
He added: “We have a world-class team and are energised and focused as we execute our strategy to capture the significant opportunities ahead.”
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