AON Consulting Acquires Hewitt Associates

July 21, 2010 – Aon Corporation has acquired global human resources consulting and outsourcing company Hewitt Associates, Inc. for $4.9 billion in cash and stock to expand its consulting operations. Following the close of the transaction, Aon intends to integrate Hewitt with its existing consulting and outsourcing operations (Aon Consulting) and operate the segment globally under the newly created Aon Hewitt brand. In addition, Russ Fradin, chairman and chief executive officer of Hewitt, will serve as chairman and CEO of Aon Hewitt, reporting to Greg Case, CEO, Aon Corporation. “This agreement reflects our ongoing efforts to ensure that Aon's associates, capabilities and technology remain at the forefront of our industry, providing distinctive client value,” said Mr. Case. “As we continue to grow our business, this merger will give us a broader portfolio of innovative products and services focused on what we believe are two of the most important topics in the global economy today – risk and people.”