WTW has selected Stephen Chipman, former CEO of Grant Thornton U.S.; Jackie Hunt, former chair of Allianz Asset Management and Allianz Life (U.S.); and Fredric Tomczyk, former president and CEO of TD Ameritrade, to join the board, each with start dates effective April 1, 2023.
The board said it made these selections as part of its multi-year succession planning process. In addition, two current directors – Brendan O’Neill and Linda Rabbitt – have given notice to WTW that they will not be standing for re-election at the Company’s next AGM, to be held in Q2 2023.
Each has decided not to stand for re-election in light of other commitments and in furtherance of the board succession plan.
Paul Thomas, chair of the board of WTW, said: “On behalf of the Board, I would like to welcome our three new directors and to thank Brendan and Linda, our two outgoing directors, for the many years of dedicated service that they have given WTW.”
He added: “We are delighted to have identified such strong incoming candidates in Stephen, Jackie and Fred, each of whom has significant experience leading dynamic professional and financial service firms as well as broad financial and operational expertise.”
A statement from the firm said that Chipman was previously CEO of Grant Thornton U.S. and a member of the firm’s global board of governors from 2009 to 2014. Shortly after retiring from Grant Thornton, Stephen became CEO of Radius, a business services company, until its acquisition in 2018. He is currently a director of Auxadi, Stout, and Prudential Insurance Funds.
Hunt, meanwhile, has held a number of senior management positions in companies including Aviva, Hibernian Group, Norwich Union Insurance, PwC, and RSA Insurance. From 2016 until 2021, she was a member of the Allianz SE management board with executive responsibility for the asset management and US life insurance divisions. Prior to that, she was an executive director of Prudential and CEO of Prudential UK, Europe, and Africa from 2013 to 2015. She was group CFO of Standard Life from 2010 to 2013. She is currently a director of Standard Chartered Bank PLC, Man Group, and Rothesay Life.
Tomczyk was previously president and CEO of TD Ameritrade from 2007 to 2016. Prior to that, he joined Toronto-Dominion Bank in 2000 where he rose to vice chair of corporate operations. He is currently a director of CBOE Global Markets and a director of Sagan MI Canada and its operating subsidiary Sagan Mortgage Insurance Company Canada.