Willis Towers Watson Accepts Michael Burwell As New Chief Financial Officer
Willis Towers Watson (NASDAQ: WLTW) is an Arlington Virginia-based management services firm focusing on advising companies how to manage risk, so they optimize their resources and take advantage of all opportunities to grow. Recently their Chief Financial Officer (CFO) Roger Millay decided to retire, forcing them to find someone new to fill that position. After much discussion and searching of first class financial management talent around the world with experience in working with high caliber companies, they chose Michael Burwell, a star at the United States Big Four accounting firm Price, Waterhouse Coopers (PwC).
PwC is the 5th-largest privately-owned company in the United States, the product of the 1998 merger of the accounting firms of Coopers & Lybrand and Price Waterhouse. Based in London, England, PwC is the second-largest professional services company in the world. For the past seven consecutive years, Vault Accounting 50 has ranked PwC as the most prestigious accounting firm in the world. It’s also been considered the top accounting firm to work for, for the past three consecutive years. It employees over 220,000 people in 157 countries.
Michael Burwell prepared for his outstanding professional career at Michigan University by earning his Bachelor of Arts degree in Business Administration, graduating in 1986. He spent eleven years in the accounting trenches as an auditor for PwC, quickly passing the exam making him a Certified Public Accountant or CPA. He went on to prove himself a master of transaction services practice while based in Detroit. Michael Burwell rose up the ranks from there, getting promoted to more responsibility as he always proved more than equal to his new positions.
Willis Towers Watson is global advisory company helps companies to manage their risk and their human capital to optimize their growth opportunities. As well, they provide insurance and actuarial services. They have over 40,000 employees in over 140 companies. It belongs to the Hedge Fund Standards Board, following the voluntary code of standards and best practices. The companies Towers Watson & Co and Willis Group Holdings plc announced their plans to merge on June 30, 2015. The deal was valued at $18 billion and closed on January 5, 2016. See Related Link for additional information.
Willis Towers Watson’s Chief Executive Officer John Haley thanks outgoing CFO Roger Millay for his outstanding contributions to the firm’s success, then welcomed Michael Burwell into his new position. He said he was confident Burwell’s expertise in finance, transformation and transactions would allow the company to reach its full potential.