(Bloomberg) -- WillisTowers Watson Plc, the company created this week by the mergerof insurance broker Willis Group Holdings Plc and consulting firmTowers Watson & Co., said Chief Financial Officer John Greeneis stepping down.

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

Related: Towers Watson approves $8.9 billion Willis deal;share jump

The merger brought tax advantages to the consulting operation,which had been based in the U.S. The deal may help the brokercompete against insurance-industry rivals Marsh & McLennan Cos.and Aon Plc, which also have substantial consulting operations.While Willis shareholders got a majority of the combined company,it is led by former Towers Watson Chief Executive Officer JohnHaley.

“Willis Towers Watson is uniquely positioned to see theconnections between talent, assets and ideas and how they can leadto strong performance and growth for our clients,” Haley said in astatement.

Roger Millay, who was CFO under Haley at the consulting firm,has the same post at Willis Towers.

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