Aon activates hunt for next CFO as Davies retires in 2025
Global brokerage Aon’s chief financial officer (CFO) has decided to retire in 2025 after more than 16 years at the firm. The search for a successor has commenced, and the company has extended CEO Greg Case’s contract until April 2028.
Christa Davies, executive vice president, will continue to serve as Aon's CFO into the third quarter, after certifying second quarter results, and then take on the role of senior advisor to the firm into 2025 to assist with the transition.
Aon said it has activated its succession planning process to identify the firm's next CFO. Aon's board of directors approved a two-year extension of CEO Greg Case's employment agreement to April 1, 2028.
Davies joined Aon in 2007 and has served as CFO since 2008, overseeing the firm's global finance and operations functions. Davies also currently serves on the boards of Stripe and Workday.
Case said: "It is my honour to recognise Christa on behalf of our more than 50,000 colleagues around the world for her extraordinary contributions over the last 16 years at Aon. As our CFO, Christa has driven an unwavering focus on top and bottom-line growth, disciplined capital allocation, and portfolio management, resulting in strong shareholder returns. Her leadership across many important transactions over the years and most recently the development of Aon Business Services as a catalyst for our business has both accelerated our success and positioned our firm to perform well into the future. As Christa begins to prepare for retirement, we are deeply grateful for her continued leadership throughout this transition and for the strong team she developed to advance our Aon United strategy."
Lester Knight, chairman of Aon's board of directors, added: "Aon's track record of strong financial and operational performance, and exceptional capital allocation strategy, is a testament to Christa's influence on the firm's Aon United strategy to create positive outcomes for colleagues, clients and shareholders. As we execute on our succession process, we are committed to building on Christa's remarkable legacy."
"I'm immensely grateful to Aon's Board of Directors, Greg and our colleagues for the opportunity to serve this firm over the last 16 years. It's been the experience of a lifetime," said Davies. "With our winning Aon United strategy and 3x3 Plan in place, our very capable team has made it possible for me to consider taking a step back and begin my retirement. I look forward to supporting a smooth transition and will forever be a proud supporter of our firm."
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