May 1, 2017 – Aon Hewitt CEO Kristi Savacool will be leaving the benefits consultant at the end of the year, following Aon P.L.C.’s decision earlier this year to sell its benefits outsourcing unit to Blackstone Group L.P. for $4.8 billion.
Under a separation agreement, in addition to her salary, Ms. Savacool will receive a $3 million cash payment plus a performance-related payment of up to a further $3 million, Aon disclosed in a regulatory filing on Friday.
At the completion of the divestiture of Aon’s outsourcing assets to Blackstone, Kristi Savacool is moving into a new role as special adviser to Aon President and CEO Greg Case,” Aon said Monday in a statement. “For the remainder of 2017, Kristi will lead Aon’s efforts to successfully transition our joint clients and advise on strategic initiatives across Aon.
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