CHICAGO—Aon Risk Services President Ted T. Devine is leaving Aon Corp. to launch a charitable organization, the Chicago-based brokerage said in a statement.
Mr. Devine, who joined Aon in 2005 as chief operating officer of Aon Risk Services Americas and head of global strategy, was named president of Aon Risk Services, which is Aon's large-account operation, in 2008.
He will not be replaced, Aon said in the statement, noting that Steve McGill, who is chairman and chief executive officer, and Chief Operating Officer Mike O'Connor will continue to lead the operation.
Mr. Devine is launching 1World Sports, a nonprofit entity. The organization, which was founded by a grant from the Aon Foundation, “will host sports-related mentoring and training events around the world to encourage as many kids as possible to participate in sports and will teach life lessons of teamwork, nutrition, academic importance and health,” the statement notes.
“We want to thank Ted for his significant contributions to our firm,” Greg Case, Aon's president and chief executive officer, said in a statement: “Anyone who knows or who has worked with Ted understands that a love of sports has been his lifelong passion. Supporting 1World Sports is a natural fit for the Aon Foundation, and we look forward to future announcements from Ted as he embraces this endeavor.”
“1World provides me with an exciting and challenging opportunity to take my love of sports to deserving kids around the world,” said Mr. Devine, who will serve as Executive Chairman of 1World Sports. “I am extremely grateful to my friends at Aon for their support of my dream.”
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