Hewitt Associates
| Hewitt Associates Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1940 |
| resolution | October 2010 |
| Reason for dissolution | Takeover by Aon |
| Seat |
Lincolnshire United States
|
| management | Russell Fradin CEO |
| Number of employees | 23,000 (2008) |
| sales | $ 2.921 billion (2007) |
| Branch | Personnel service provider |
| Website | www.hewittassociates.com |
Hewitt Associates Inc. was a publicly traded American company headquartered in Lincolnshire , Illinois .
Hewitt has been part of the Aon Corporation since October 2010 . Hewitt's activities were merged with Aon and the new subsidiary has since operated under the name Aon Hewitt . In June 2020 the company was renamed Aon Solutions.
The company was in the area of outsourcing of human resources , English Human Resource Consulting , in 33 countries and had active claims to be there more than 3,000 customers.
Hewitt Associates was listed in the Fortune 1000 ranking of the business magazine Fortune and was traded on the New York Stock Exchange under the abbreviation HEW . The business fields were advice and planning for pension claims and health insurance of customers.
history
On October 1, 1940, Ted Hewitt founded Edwin Shields Hewitt and Associates in Lake Forest as an insurance broker with a focus on financial advice.
A first regional branch was opened in Minneapolis in 1959 . In 1974 Hewitt opened a department in the Canadian city of Toronto and in 1985 in Paris and in St Albans near London .
In 2004, the acquisition of Exult Inc. , a specialist in business process outsourcing with headquarters in Irvine, California and 2400 employees, for 690 million US dollars was announced.
Over time, the company has acquired other companies.
- Bacon & Woodrow
- Northern Trust Retirement Consulting, LLC
- Cyborg Worldwide, Inc.
- LCG
- Acquire RealLife HR
- New Bridge Street Consultants
On July 12, 2010, Chicago- based Aon Corporation announced that it would acquire Hewitt for $ 4.9 billion in cash and stock. The purchase was completed on October 1, 2010 and the shares have ceased trading on the New York Stock Exchange . Two weeks later, Aon announced that between 1,500 and 1,800 employees would be laid off.
Web links
Individual evidence
- ↑ hewittassociates.com: Hewitt Data Shows Americans Continue To Save in 401 (k) Plans Despite Economic Woes (November 24, 2008)
- ↑ corporate-ir.net : 2007 Annual Report (PDF; 800 kB)
- ↑ informationweek.com: Hewitt Associates Snaps Up Exult (June 16, 2004)
- ↑ hewittassociates.com: Hewitt Associates Announces Agreement to Acquire RealLife HR (August 27, 2007)
- ↑ hewittassociates.com: Hewitt and New Bridge Street Combine to Create UK Leader in Executive Compensation (March 20, 2008)
- ^ Aon Buys Hewitt in Move to Expand Its Consulting Arm . In: The New York Times , July 12, 2010.
- ^ Aon to cut up to 1,800 jobs after Hewitt buyout . In: News & Record , October 14, 2010. Archived from the original on March 8, 2012 Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. .
