UK/US - Insurer Aon said today Kristi Savacool and Baljit Dail will become the new co-chief executives of Aon Hewitt, replacing Russ Fradin who is leaving the firm to join SunGard.
Savacool was previously chief executive of benefits administration and Dail was chief executive of consulting. They will begin their new role immediately and report to Greg Case, president and CEO of Aon.
Case said: "Kristi and Bal, serving as co-CEOs, will enhance efforts to unite our leading human resource consulting and outsourcing expertise, providing more integrated solutions for our clients' health, retirement, talent and human resource strategic and operational challenges.
"The strategic rationale for the merger of Aon Consulting and Hewitt Associates is stronger today than it was a year ago. Kristi and Bal will continue our client-focused leadership strategy. The integration plan is on track and we are already delivering significant synergy savings. We are confident this progress, already reflected through solid financial results, will continue, thanks to the outstanding work of our Aon Hewitt colleagues around the globe."
Fradin had served as chairman and chief executive of Aon Hewitt since the creation of the firm through the merger of Hewitt Associates and Aon in 2010. Before that, he had served as chairman and CEO of Hewitt Associates since 2006.
Fradin said: "I am very proud to have served with such an outstanding team at Hewitt and now Aon Hewitt. There is an extremely capable leadership team already in place that understands the mission of serving clients and providing the distinctive value that its clients deserve."
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