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9th of September 2010

Aon and Hewitt to merge

Gavin Bradshaw 21/07/2010

Aon Corporation and Hewitt Associates announced on 12 July that the boards of both companies approved an agreement under which Hewitt will merge with a subsidiary of Aon.
 
Following the close of the transaction, Aon said it intends to integrate Hewitt with existing consulting and outsourcing operation Aon Consulting and to operate the segment globally under the newly-created Aon Hewitt brand.
 
In addition, Russ Fradin, chairman and CEO of Hewitt, will serve as chairman and CEO of Aon Hewitt, reporting to Greg Case, CEO of Aon Corporation (pictured above).
 
The merger between Hewitt and Aon Consulting is expected to create a global leader in human capital solutions.
 
"This agreement reflects our ongoing efforts to ensure that Aon's associates, capabilities and technology remain at the forefront of our industry,” said Case in a statement. "This merger will give us a broader portfolio of innovative products and services focused on what we believe are two of the most important topics in the global economy today - risk and people."
 
An integration team led by Greg Besio, chief administrative officer of Aon will commence planning for the transition.

Tags: Aon Corporation, Greg Case, Hewitt Associates, Risk consulting

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