Towers Perrin and Watson Wyatt complete merger
David Woods, January 04, 2010
Towers Watson & Co has completed the merger of Towers Perrin and Watson Wyatt.
Last June, HR magazine reported the merger between the two consultancies to form a global professional services company. Watson Wyatt Chief Executive Officer John Haley will serve as Towers Watson's chairman and CEO; Towers Perrin CEO Mark Mactas will serve as deputy chairman, president and COO.
Haley said: "We are delighted to finalise the merger and look forward to bringing a broader portfolio of services to our clients. When it comes to managing costs, risks and people, the world is growing more complex every day. Towers Watson is uniquely positioned to help our clients gain the perspective necessary to take the right actions to drive business results."
Mactas added: "Towers Watson builds on shared values of integrity, professional excellence and collaboration with a strong clients-first orientation. With our combined experience, and breadth and depth of skills, we will be able to provide greater insight as we work with our clients and greater opportunities for our people and our shareholders."