Baljit Dail and Kristi Savacool on Monday were named co-CEOs of Aon Hewitt, following the departure of CEO Russ Fradin.
Mr. Dail is CEO of consulting, and Ms. Savacool is CEO of benefits administration.
They are replacing Mr. Fradin, who is leaving to become CEO of SunGard Data Systems, a software and technology services company. He was chairman and CEO of Hewitt Associates when Aon Corp. acquired Hewitt last year in a cash and stock deal valued at $4.9 billion. Mr. Fradin continued in that role after the deal was completed in October.
Mr. Dail joined Aon in 2005. Prior to being named CEO of benefits administration, he served as CEO of Aon Consulting’s international businesses and global practices. Ms. Savacool joined Hewitt in 2005 and heads a team that delivers administrative services to benefit plans with more than 22 million participants.
Jerry Geisel is editor-at-large at Business Insurance, a sister publication of Pensions & Investments.