Willis Towers Watson sees CFO retire and appoints new Industry Leader

28 April 2017 Consultancy.uk 4 min. read
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Willis Towers Watson is looking for a new CFO, following the announcement that Roger Millay is voluntarily retiring from the firm. The firm also recently announced the appointment of Thorsten Querfurt as Global Industry Leader of the firm’s Natural Resources segment.

Prior to his role of CFO at Willis Towers Watson, Roger Millay was the CFO of Towers Watson (the firm merged with Willis in 2015). Prior to which he was the CFO of Watson Wyatt, which merged with Tower Perrin in 2009. Earlier in his career he worked as a Senior Executive Vice President and CFO of Discovery Communications, as well as a string of senior financial officer positions over a period of 25 years, including at Arthur Young & Company, Citigroup and GE Capital. Millay holds a Bachelor’s degree from the University of Virginia, a Master’s degree in Accounting from Georgetown University’s Graduate School of Business and is a Certified Pubic Accountant.

Millay recently announced that Millay will voluntarily retire from the firm at the start of October of this year. The consulting firm has begun a search for a new candidate for the high-ranking role.

Commenting on the departure, John Haley, Willis Towers Watson’s Chief Executive Officer, says, “We greatly appreciate Roger’s contributions to Willis Towers Watson as its Chief Financial Officer and wish him well in his future. We have been very lucky to have had his leadership and guidance not only for the merger and integration of Willis and Towers Watson but also for the many years he served as Towers Watson’s Chief Financial Officer. We believe he leaves the Company much stronger for his service and positioned for future success.”

“I believe we have established an initial foundation for success at Willis Towers Watson and, upon turning 60 this Fall, I have decided to pursue new life interests,” says Millay. “I thank John Haley and the Board for the great opportunity to contribute to the creation of Willis Towers Watson.”

Roger Millay CFO retires from Willis Towers Watson and Thorsten Querfurt joins as Global Industry Leader of the firm’s Natural Resources segment

Prior to joining Willis Towers Watson, Thorsten Querfurt was a Partner at Oliver Wyman in the firm’s Energy / Oil & Gas business, he joined the firm in 2012. He previously worked at Corven, a small energy sector focused change management consultancy, where he spent ten years, in his final role – prior to the firm being bought out by Oliver Wyman – as a Director. Earlier in his career he worked as a Business Consultant; as Head of Business Development at Bodymetrics; and as a Sales and Sourcing Manager for Melchers, Hering, Tomen, where he started in 1994.

Querfurt holds a Bachelor of Science and a Bachelor of Arts in Business & Economics from the University of Delaware, an A.A.S. in Textile Science from the Fashion Institute of Technology and a Master of Business Administration in Business from the London Business School.

Querfurt brings more than two decades of experience to Willis Towers Watson, and was most recently focused on developing new business, advising clients in operation risk and safety as well as managing teams across the globe. He joins as Global Industry Leader of the firm’s Natural Resources segment, which encompasses three key sectors for the firm: oil, gas and chemicals, metals and mining, and power and utilities (including renewable energy and nuclear).

Regarding the development of the firm’s Global Industry Group, the head of the practice, Eric Speer, says, “Since introducing our Global Industry focus several years ago, we now have a Natural Resources team of more than 800 specialists consulting clients in that sector, including 60% of the world’s 50 largest natural resources companies. Thorsten will be responsible for embedding Willis Towers Watson’s holistic and differentiated approach to working with clients across the full breadth of human capital and risk issues, and to leverage our deep industry expertise to the benefit of our clients.”

Querfurt says, “This is a very exciting time – the Natural Resources industry is going through some fascinating changes and Willis Towers Watson is in a great position to help clients navigate their emerging risks and challenges. Companies are facing a complex mix of evolving risks, including geopolitical and regulatory change, the ongoing threat of cyber-attacks on critical infrastructure, increasing use of digitalisation and new technology to enhance efficiencies and drive down costs, whilst artificial intelligence and robotics will fundamentally alter the future of work. These are just a few of the dramatic and disruptive changes that are impacting companies in the industry.”