GLOBAL - Watson Wyatt Worldwide vice president and chief financial officer Carl Mautz has stepped down as the group announces strong growth in the second quarter.
Watson Wyatt said a search, including both external and internal candidates, was underway and it anticipated a seamless transition.
The news comes as Watson Wyatt Worldwide announced financial results for the second quarter of fiscal year 2008, ended 31 December 2007.
Revenues were US$447m for the quarter, an increase of 22% (18% constant currency) from the second quarter of fiscal 2007 revenues of $366.4m.
Benefits Group revenues (representing 54% of second-quarter revenues) were $244m for the second quarter of fiscal 2008, an increase of 24% (20% constant currency) from $197m in the prior-year second quarter.
Investment Consulting Group revenues (representing 9% of second-quarter revenues) were $42m for the second quarter of fiscal 2008, an increase of 30% (25% constant currency) from $33m in the prior-year second quarter.
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