(Bloomberg) -- Willis Towers Watson Plc, the company created this week by the merger of insurance broker Willis Group Holdings Plc and consulting firm Towers Watson & Co., said Chief Financial Officer John Greene is stepping down.

Greene, who was CFO of the London-based broker, will stay on as a transition adviser for the combined company and will get a package including a lump sum cash payment of $3.75 million, Willis Towers said in a regulatory filing Tuesday. He will also receive accelerated vesting of equity awards and one year of continued health coverage. His term as an adviser is set to last until May 15 and could be adjusted.

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