WTW sets out strategy following failed acquisition

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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