Stephens Inc. Analyst John Campbell says he believes Willis Group Holdings PLC’s (WSH) new CEO, Dominic Casserley, is taking the company in a positive direction.
“They have got several internal initiatives going on right now focused on cost reduction, looking at redundancies, just looking at further efficiencies,” Campbell says. “In addition, Willis has several ongoing re-orgs and that’s one of the main things that Dominic is providing for the company, and I think he is giving them a fresh look…I think he can take a 10,000-foot view of the company, look at the operations, find inefficiencies, help to eliminate those.”
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Campbell says Casserley also has rolled out shareholder-friendly initiatives, and the company’s dividend is up to about 3% yield. And, Campbell says Willis Group, under Casserley’s leadership, has its eye set on the acquisition of French broker Gras Savoye.
“The beauty of the Gras Savoye buyout is that it is strictly an option to them, and they have the luxury of waiting to see how the economies in Gras Savoye’s key markets improve over the next year before deciding to act,” Campbell says. “Willis has a healthy balance sheet as it stands, so they certainly have the ability to take this down if they so choose.”
Bio-Techne (TECH) Delivers Organic Growth Under New Leadership
August 06, 2014
General Motors Company (NYSE:GM) Continues to Improve Under New Leadership
January 21, 2016
Ensco plc (ESV) Begins to Reap Rewards of Early Offshore Drilling Capex and is Poised to Return Cash to Shareholders
February 26, 2013
Fresnillo Plc (LON:FRES) a Low-Cost Producer Poised to Deliver Significant Growth
December 18, 2014
Zimmer Holdings, Inc. (ZMH) Poised to Grow Through 2015
March 28, 2014
