Posted on 19 Apr 11
Towers Watson’s Mark Mactas to Retire by End of Calendar Year 2011
Towers Watson, a global professional services company, has announced that president and chief operating officer Mark Mactas has decided to retire by the end of calendar year 2011.
Mactas, 58, has provided leadership in a number of geography and line-of-business roles during his 31-year tenure with the company. He served as Towers Perrin chief executive officer before stepping into the role of Towers Watson president and chief operating officer after the merger of Towers Perrin and Watson Wyatt Worldwide in 2010.
“Mark has established a reputation as a leader who operates with unquestionable integrity and throughout his career has been a role model for the company’s values,” said John Haley, Towers Watson chairman and chief executive officer. “Although Mark is not leaving just yet, on behalf of the Towers Watson community and our Board of Directors, I would like to thank him for his many years of distinguished service and his selfless leadership.”
Over the coming months, Mactas will continue in his current role as president and chief operating officer. His areas of focus will remain the same – positioning Towers Watson for growth through his input into overall strategy, furthering the company’s integration efforts, and providing guidance in critical areas such as leadership development and succession planning.
“My primary goal and interest has been to ensure that our company is positioned for long-term success and I firmly believe that is the case,” said Mactas. “I have tremendous confidence in and respect for John, our leadership team and our associates. Now is the right time for me to consider my retirement, and I feel confident that I can take a step back later this year and watch Towers Watson thrive from a new vantage point.”