WTW appoints Frank Schepers as Global Head of its Insurance Consulting and Technology (ICT) business

Rhea-AI Summary

Alice Underwood is set to retire in August after 16 years at WTW and five years leading the Insurance Consulting & Technology (ICT) division. Frank Schepers, who has been with WTW since 1994, will succeed her. Schepers has held various senior roles within ICT, including leadership positions in Germany and EMEA. His appointment comes after a comprehensive search for Underwood's successor, with expectations of continued growth and service expansion within the ICT business.

Positive

• Frank Schepers brings extensive experience to the ICT leadership role, potentially ensuring continuity of growth.
• The company undertook a thorough search for Underwood's successor, highlighting commitment to leadership quality.

Negative

• Underwood's retirement could lead to transitional challenges in leadership continuity within ICT.

Alice Underwood to retire in August after 16 years of dedicated service to WTW and five years as head of ICT

LONDON, June 29, 2022 (GLOBE NEWSWIRE) -- WTW has appointed Frank Schepers to lead its Insurance Consulting & Technology (ICT) business. Based in Germany, Schepers will replace Alice Underwood who is retiring this year, and will join WTW’s Risk & Broking segment leadership team. Schepers will take up his new role in the coming weeks, following a handover period with Underwood.

Frank Schepers has been with WTW, and its predecessor companies, since 1994 when he joined as a consultant. He has held several senior leadership roles within ICT in that time, including Risk Consulting & Software leader for Germany and then Northern and Central Europe. He was appointed Head of ICT for the EMEA region between 2015 and 2018 before taking on a new role leading major, strategic projects for some of WTW’s most significant clients.

Alice Underwood joined the firm 16 years ago and has been Head of ICT since 2017, leading the business through a period of significant success and growth.

Adam Garrard, Head of Risk & Broking, WTW said: “We are delighted to have appointed Frank to lead our ICT business globally, following a thorough internal and external search for Alice’s successor. Frank has been instrumental in expanding ICT’s services and embedding the important links between the business’ consulting services and technology solutions that have made it such a powerful force in the market.

“We are confident that Frank will build on the exceptional leadership that Alice has provided over the last five years and we wish Alice and her family all the very best for her retirement.”

About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success.

Learn more at wtwco.com.

Contacts
Jamie Kilduff: +44 (0)20 7170 3746; jamie.kilduff@wtwco.com

Andrew Collis: +44 (0)7932 725267; andrew@acolliscommunications.com

FAQ

What is the reason for Alice Underwood's retirement from WTW?

Alice Underwood is retiring after 16 years of service, with five years as head of the ICT division.

Who is replacing Alice Underwood at WTW?

Frank Schepers will succeed Alice Underwood as the head of the ICT division.

What are Frank Schepers' qualifications for leading WTW's ICT division?

Frank Schepers has been with WTW since 1994 and has held several senior leadership positions in ICT.

When will Frank Schepers officially start in his new role at WTW?

Frank Schepers will take up his new role in the coming weeks, following a handover period with Underwood.

What impact might Alice Underwood's retirement have on WTW?

Her retirement might create transitional challenges in leadership continuity within the ICT division.