No more 'overhang' as Aon forges ahead with new exec line-up post WTW deal collapse

28-07-2021

No more 'overhang' as Aon forges ahead with new exec line-up post WTW deal collapse

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Aon seems to be bouncing back quickly from the shock announcement on Monday (July 26) calling off its $30 billion merger deal with fellow broker Willis Towers Watson. The Greg Case-led company is all set to move forward with a new executive line-up, without the "overhang of regulatory uncertainty or distraction of restructuring".

Aon and Willis Towers Watson "reached an impasse" with the US Department of Justice and decided to end the litigation rather than face a lengthy court battle.

Having extended the contracts of its chief executive (CEO) Case and chief financial officer (CFO) Christa Davies for an additional three years, the broker has now unveiled a new Aon Executive Committee (AEC) that will be responsible for executing on the firm's four-pronged Aon United Blueprint.

"Our Aon United operating model has been further strengthened through the combination planning process and we're moving forward at speed without the overhang of regulatory uncertainty or distraction of restructuring," said Case. "Our new Executive Committee is an incredibly capable team of leaders with a clear perspective on what it will take to reach the full potential of Aon United."

Case added: "This team knows how to work together across geographies, solution lines and functions to bring the best of our firm to clients and is fully committed to accelerating innovation to better address unmet client need."

The Aon Executive Committee will be comprised of four solution lines, five regions and five shared service functions.

The four solution lines include: Commercial Risk Solutions, Health Solutions, Reinsurance Solutions and Wealth Solutions. Global solution lines will play a critical role in understanding macro client trends and producing new solutions that address their unmet needs.

The five regions include: North America, Latin America, the United Kingdom, EMEA and APAC. Regions serve as the distribution arm of the Aon United operating model and are responsible for delivering one-firm capabilities to clients.

The five shared services include: Business Services, Finance, Legal, Marketing & Communications and the People Organisation. These functions support the delivery of client success. They are fully integrated professional organisations that share best practice and deliver consistent outcomes that ensure that the firm is fully leveraging the scale and functional capability of Aon.

These components will be supported by critical specialty capabilities focused on more effectively serving key segments of Aon's client base, specifically Enterprise Clients and International Business.

The key changes in the new executive line-up, compared to the 'one firm' structure announced in January this year, include Jennifer Bell as CEO of North America; Dave Guilmette as CEO of health solutions; Paul Rangecroft as CEO of wealth solution; Amanda Nguyen as chief of staff; and Keslie Follmer as head of IR & ESG.

James Platt will continue to serve as chief operating officer, Maggie Westdale as CFO business, Carlo Clavarino as executive chairman international, Lori Goltermann as CEO of enterprise clients, Andy Marcell as CEO of Reinsurance Solution, Lambros Lambrou as CEO of commercial risk solution, Julie Page as CEO of the UK, Eduardo Dávila as CEO of EMEA, Alejandro Galizia as CEO of Latin America, and Anne Corona as CEO of Asia Pacific region.

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Aon, Willis Towers Watson, Appointment, Insurance, Reinsurance, Greg Case, Jennifer Bell, Dave Guilmette, Paul Rangecroft, Amanda Nguyen, Global

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