TCW Special Purpose Acquisition Corp. Appoints William C. Weldon to Board of Advisors
12 Juli 2021 - 10:15PM
Business Wire
TCW Special Purpose Acquisition Corp. (NYSE: TSPQ.U), a $464
million blank check company sponsored by an affiliate of The TCW
Group, Inc. (“TCW”), today announced the appointment of William C.
Weldon to its Advisory Board.
William C. Weldon is the former Chairman of the Board and Chief
Executive Officer of Johnson & Johnson, a global developer and
manufacturer of health care products, having served in those
positions from 2002 until his retirement as Chief Executive Officer
in April 2012 and his retirement from the board in December 2012.
He served as Worldwide Chairman, Pharmaceuticals Group from 1998
until 2001. At Johnson & Johnson, Mr. Weldon held successive
executive positions that gave him expertise in consumer sales and
marketing, international business operations, financial reporting
and regulatory matters over his 41 year career with the
company.
Mr. Weldon served as a Director and Chairman of the Board of
JPMorgan Chase Bank, N.A. from 2005 to 2019 and 2013 to 2019,
respectively. He was formerly a Director of Exxon Mobil
Corporation, an international oil and gas company, from 2013 to
2021, and The Chubb Corporation, an international insurance
company, from 2013 until it was acquired by ACE Limited in 2016.
Mr. Weldon has been a Director of CVS Health Corporation since
March 2013, Fairfax Financial Holdings Limited since 2020, and
Chairman of the Board of Heartflow, a privately held medical
diagnostics company. Mr. Weldon graduated from Quinnipiac
University and is a member of the school’s Board of Trustees.
“I am very pleased to join the Advisory Board of TCW Special
Purpose Acquisition Corp. and seek to contribute my professional
experience,” said William C. Weldon. "I look forward to
collaborating with the TCW team to help take quality businesses to
the next level.”
“Bill’s highly distinguished global career and leadership
experience in the healthcare industry and the broader economy
provides TCW Special Purpose Acquisition Corp. with unique industry
insights and capabilities,” said Joseph R. Shaposhnik, Chairman and
CEO of TCW Special Purpose Acquisition Corp. “We are thrilled to
add his deep expertise to our team of accomplished directors and
advisors as we seek to partner with quality businesses that have
chosen to transition to the public market.”
TCW Special Purpose Acquisition Corp. intends to identify, merge
with and take public a durable and predictable business well
positioned to deliver superior revenue growth. Its management is
associated with TCW’s New America Premier business unit, which was
established by Mr. Shaposhnik in 2015.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities.
About TCW Special Purpose Acquisition
Corp.
TCW Special Purpose Acquisition Corp. (the “Company”), a
Delaware corporation, is a newly organized blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with a private company. The Company is
sponsored by The TCW Group, Inc., a leading global investment
management firm with approximately $248 billion of assets under
management. For more information please visit www.tcwspac.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210712005742/en/
Media Contact: Doug Morris Head of Communications, TCW
Group Tel: +1-213-244-0509 Email: Doug.Morris@tcw.com
Investor Contact: Richard Villa Chief Financial Officer,
TCW Group and TCW Special Purpose Acquisition Corp. Tel:
+1-213-244-0099 Email: Richard.Villa@tcw.com
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