Professional services provider Aon has inducted former US Navy member Admiral James Stavridis to its board of directors.
Stavridis will assume the new responsibility on 15 August 2024.
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He brings a wealth of experience from his naval career and his current role as partner and global affairs vice-chair at global investment company Carlyle.
He served in the US Navy from 1976 to 2013, achieving the rank of four-star Admiral.
His notable commands include his tenure as the 16th Supreme Allied Commander at Nato, overseeing operations across various regions and challenges, and his leadership of the US Southern Command in Miami, focusing on military operations throughout Latin America.
After his military service, Admiral Stavridis transitioned to academia, serving as dean of The Fletcher School of Law and Diplomacy at Tufts University from 2013 to 2018.
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By GlobalDataHe currently holds the position of chair of the board of trustees of the Rockefeller Foundation and serves on the boards of Fortinet and several private companies and non-profit organisations.
His past board roles include American Water Works Company and the Neuberger Berman Funds.
Aon board chair Lester Knight said: “Admiral Stavridis’ experience as a retired four-star US naval officer, partner and vice chair for global affairs at Carlyle and board chair of the Rockefeller Foundation will bring new insights to our board as we look to deliver more value for Aon’s clients, colleagues and shareholders.”
Stavridis commented: “I am excited to join Aon’s board as the firm accelerates its strategy to help business decision-makers take action to address interconnected risks in an increasingly complex and volatile world. I am looking forward to sharing my perspective and working together with Aon’s board and executive leadership to unlock further opportunities for the firm’s clients to protect and grow their businesses.”
In its Q2 2024 results, released recently, Aon posted a net income of $538m, marking a 6% decrease from $575m in the prior year.
However, the company’s total revenue increased 18% year-on-year to $3.76bn, buoyed by the $13bn acquisition of NFP and a 6% organic growth in revenue, driven by new business generation and strong retention rates.
