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Aon PLC and Willis Towers Watson PLC on Wednesday named the senior executives that will serve under CEO Greg Case and CFO Christa Davies once the proposed $30 billion deal combining the two brokerages is complete.
In a joint statement issued by both companies, Aon President Eric Andersen was confirmed as president of the combined company. Alexis Faber, Willis Towers Watson’s COO for global corporate risk and broking, will be North America CEO.
Aon’s CEO of commercial risk solutions, Lambros Lambrou was confirmed as CEO of commercial risk.
Adam Garrard, Willis Towers Watson’s global head of corporate risk and broking, was named president, commercial risk, and CEO, global broking.
Aon’s CEO of reinsurance solutions, Andy Marcell, was confirmed as CEO of the combined Aon-Willis reinsurance business, and James Kent, CEO of Willis Re, as its deputy CEO.
Recent reports suggest that Willis Towers Watson will have to offload Willis Re Ltd. to complete its merger with Aon, which is currently being investigated by the European Commission due to competition concerns.
The joint statement also named Julie Gebauer, Willis Towers Watson’s head of human and capital benefits, as CEO of health, wealth and career. Ms. Gebauer was also named head of strategy on the operations side.
Lori Goltermann, currently CEO of Aon’s U.S. commercial risk solutions and health solutions will be chief client officer.
Other senior leaders named to the risk business include: Carlo Clavarino as chair international; Eduardo Davila as EMEA CEO; Julie Page as U.K. CEO; Luis Maurette as Latin America CEO; Alejandro Galizia as Latin America president; and Anne Corona as CEO of Asia-Pacific.
On the operations side, Maggie Westdale was confirmed as CFO, business.
Anne Pullam, Willis Towers Watson’s head of Western Europe, will serve as chief innovation officer of the combined Aon-Willis.
Other leaders named on the operations side are: Lisa Stevens as chief people officer; James Platt as chief operating officer; Katherine Gehman as chief of staff; Darren Zeidel as general counsel; Andy Weitz as chief marketing officer; and Pam Rollins as head of internal communications.
“We are confident that our combined firm, with this leadership team, will help us address the most pressing areas of client need,” Mr. Case said in the joint statement.
Despite earlier plans to retire as CEO at the end of 2020, Willis Towers Watson CEO John Haley said last year he intends to stay on as a board member of the combined entity after the merger with Aon is closed.
(Reuters) — The European Union’s antitrust regulators are to open a full-scale investigation into Aon PLC’s $30 billion bid for Willis Towers Watson PLC to create the world’s largest insurance broker, two people familiar with the matter said.