Chief executive believes the new hire’s ‘strategic financial perspective’ will ‘contribute to our future success’

Global broking business Willis Towers Watson (WTW) has appointed Andrew Krasner as its new chief financial officer, succeeding outgoing CFO Michael Burwell.

Krasner joins from fellow broker AssuredPartners, where he also worked as chief financial officer.

Prior to this, however, Krasner was no stranger to WTW - he originally started working at the firm back in 2009.

protection, piggy bank

Read more…John Read: Hard market is brokers’ ‘saviour’ for preserving earnings

Not subscribed? Become a subscriber and access our premium content

During his tenure, he served as global treasurer and head of mergers and acquisitions for Willis Towers Watson and as senior vice-president of Willis Towers Watson Securities.

Before joining WTW, he held various financial roles at PricewaterhouseCoopers (PWC), Deutsche Bank and Bank of America Merrill Lynch.

Speaking on the appointment, John Haley, WTW chief executive, said: “Andrew brings almost 25 years of diverse financial and transaction leadership back to Willis Towers Watson.

“He played key roles in the evolution of Willis Towers Watson as we’ve grown through large combinations over the years. I’m confident Andrew will bring his strategic financial perspective to the company and contribute to our future success.”

Krasner added: “I’m excited to return to Willis Towers Watson’s rich culture, strong values and deep commitment to its colleagues and clients.

“Willis Towers Watson is well positioned to compete vigorously across its businesses around the world. I’m also honoured to have the opportunity to help drive its financial strategy, growth and performance as CFO.”

WTW president Carl Hess said that Krasner’s “energy, expertise and leadership as part of our team going forward” will be “critical” for the broker as it looks “to offer a compelling colleague experience, innovate and adapt to address client needs, deliver significant value for our shareholders and better the communities in which we live and work”.

Burwell, meanwhile, will be moving into a senior role in the medical and data analytics industry.

Haley continued: “I’d also like to thank Mike for his leadership and dedication to Willis Towers Watson and our finance efforts. Andrew and Mike will work together to ensure a smooth transition of responsibilities.”

Topics