Aon plc Appoints Edmund Reese as CFO

Aon plc (NYSE: AON) has announced the appointment of Edmund Reese as its next Chief Financial Officer (CFO), effective July 29, 2024. Reese brings with him over 25 years of financial leadership experience at large public companies in the financial services, payments, and technology sectors. He most recently served as CFO of Broadridge Financial Solutions, a $24B market cap global fintech leader with technology solutions that power trading and investor communications.

Reese's appointment comes as Aon's current CFO, Christa Davies, prepares to certify the second quarter 2024 results and transition into a senior advisor role until her previously-announced retirement.

Aon CEO Greg Case expressed confidence in Reese, highlighting his deep financial, M&A, and investor experience, and a proven track record of driving strong results. Reese's responsibilities as CFO will include overseeing the firm's finance function and capital allocation strategy.

Lester Knight, chairman of Aon’s Board of Directors, expressed excitement for Reese's appointment, emphasizing his considerable financial experience spanning corporate strategy, M&A, and investor relations.

Reese's extensive professional background includes serving at American Express as senior vice president and CFO of its largest business unit, Global Consumer Services Group, as well as holding various financial leadership positions at Merrill Lynch and Citigroup Smith Barney.

Aon, a leading global professional services firm, is currently executing its 3x3 Plan to accelerate its Aon United strategy and create key points of difference in how it serves clients. The firm aims to create more value for clients, colleagues, and shareholders by focusing on top and bottom-line growth, disciplined capital allocation, and portfolio management.

More details regarding Reese's appointment and Aon's succession planning process can be found in the firm’s Current Report on Form 8-K, filed with the U.S. Securities and Exchange Commission. Aon plc operates in over 120 countries and sovereignties, providing actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions to help clients make better risk and people decisions that protect and grow their businesses. As a result of these announcements, the company's shares have moved 1.4% on the market, and are now trading at a price of $285.29. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.