Andersen and O’Connor to be appointed as co-presidents of new committee
Aon has announced it will retire the firm’s remaining business unit brands – Aon Risk Solutions and Aon Benfield - and create an integrated global operating committee.
The committee will be led by Eric Andersen and Michael O’Connor, currently chief executives of Aon Benfield and Aon Risk Solutions, respectively.
They will continue to report to Aon’s chief executive officer, Greg Case, whose contract was recently extended by the Board of Directors until April of 2023.
The decision to retire the business units follows the retirement of the Aon Hewitt brand in 2017.
Both moves are designed to increase the rate of innovation across the firm and make it easier for colleagues to work together to bring the best of Aon to clients.
Aon previously announced a single P&L structure, which is part of an ongoing effort to increase colleague connectivity and accelerate reinvestment in innovation that serves clients. That effort is overseen by Aon’s global chief financial officer Christa Davies, whose contract was also recently extended by the Board of Directors until April of 2023.
“Aon’s evolution into a leading global professional services firm has been driven by the tireless efforts of colleagues to work across our portfolio to deliver the best advice and solutions to clients,” said Aon CEO, Greg Case.
“This announcement recognizes those efforts and takes steps to remove structural barriers so that we can innovate new sources of value and realize the full potential of our firm.”
Case added: “The appointment of Mike and Eric as co-presidents reflects the enormous contributions that they have made to the ongoing success of our firm. Both have proven track records and have played critical leadership roles across Aon, ensuring that they understand the breadth of our capabilities and how to bring them together to best serve our clients.”