Aon Warranty Group to Strengthen Resources Through Aon Innovative Solutions, Inc.CHICAGO--(BUSINESS WIRE)--Sept. 2, 1998--Independent Dealer Services (IDS), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Aon Warranty Group, and Innovative Services International, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Innovative), a subsidiary of Aon Corporation, have joined together to form a new unit, Aon Innovative Solutions, Inc. Aon Innovative Solutions, Inc. will provide services such as customer care management, warranty administration, and inbound and outbound telemarketing to industry leading clients. IDS, based in St. Louis, is a leading independent marketer of service contracts, value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. after-sale products, training and profit management services for the consumer electronic, appliance, and computer industries. IDS provides administration, merchandising, training and motivational services, creative services Creative Services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Examples include:
Innovative, based in Golden, CO, provides customer relations, technical support, warranty administration, product enhancement services and customer caremanagement to industry leaders worldwide in the areas of financial services, retail services, manufacturing, insurance services, and high-tech technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The services and functions of these two companies compliment each other and as Aon Innovative Solutions, Inc., will allow Aon Warranty Group to offer a complete solution for clients' needs from customer care management services to warranty provider and administration to inbound and outbound telemarketing. Aon Innovative Solutions, Inc. will continue to provide the warranty, telemarketing and customer care management programs currently offered as well as many new programs. David Cole, chairman of Aon Warranty Group, will serve as chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aon Innovative Solutions, Inc. "The services and programs offered in the past through IDS and Innovative and now through Aon Innovative Solutions emphasizes Aon Warranty Group's commitment to providing a complete customer care and warranty service to our clients-- from inception to the end of the product's useful life," Cole said. Robert Shepard, president and CEO of Aon Warranty Group, will serve as president and COO of Aon Innovative Solutions, Inc. "By bringing these two operations together, Aon Warranty Group will increase the competencies and qualities of the units while providing added value to our current and future clients," Shepard said. To provide better service to current and future clients and put proper focus on the new competencies, the following executives have been named to lead Aon Innovative Solutions, Inc.: Tom Love, Executive Vice President -- Call Center Operations Bill Schaul, Executive Vice President -- Warranty Operations Scott Kranzberg, Executive Vice President -- Sales and Marketing Steve Wideman, Executive Vice President -- Finance and Human Resources Aon Warranty Group is a subsidiary of Aon Corporation, a holding company with assets in excess of $18 billion in 1997. Aon is comprised of a family of insurance brokerage, consulting and insurance underwriting subsidiaries. Aon's common stock (AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. .
CONTACT: Lisa Bynum
312-701-3397
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion