Global re/insurance broker Willis Towers Watson announced that its BoD has unanimously selected Carl Hess as the company's new president and next chief executive officer (CEO).

"Hess, who currently serves as Willis Towers Watson's Head of Investment, Risk and Reinsurance business segment, will immediately assume the president role and succeed John Haley, upon his retirement, as CEO on January 1, 2022", as the company mentioned in a statement.

Carl Hess began his career at the company in 1989 and has held diverse leadership positions spanning business segment and geography roles.

Prior to his current role, Carl Hess served as co-leader of North America at Willis Towers Watson and before that, managing director, the Americas, of Towers Watson.

He served as the managing director of Towers Watson's Investment business since January 2010 and also worked in a variety of roles for over 20 years at Watson Wyatt, lastly as global practice director of Watson Wyatt's Investment business.