New leadership at Aetna: Ronald Williams is named president of insurance giant. (Newsmakers).There's a new face among African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. executives leading Fortune 500 firms--sort of. Though Ronald Williams Ronald Watkins Williams (18 July 1907 –14 March 1958) was a British Labour Party politician. He was elected to the House of Commons as Member of Parliament for Wigan in a by-election in 1948, following the death in 1947 of sitting Labour MP William Foster. was named president of Aetna Inc. effective May 27, after a little more than a year at the health insurance giant, he's no stranger to the industry. Williams, 52, succeeds John Rowe John Rowe may refer to:
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. products. Williams has his work cut out for him. Hartford, Connecticut-based Aetna has had its share of financial woes. On Dec. 13, 2001, the company announced plans to cut about 6,000 jobs in 2002, on top of the 5,000 it had already cut in 2001. It also posted a loss of $279.6 million in 2001. "The critical focus for the future is first to complete the turnaround, and second to position the firm so it's an industry leader," Williams says. "And we believe that turn-around is well underway." In other news, African Americans are targeting Aetna, among others, for slave reparations reparations, payments or other compensation offered as an indemnity for loss or damage. Although the term is used to cover payments made to Holocaust survivors and to Japanese Americans interned during World War II in so-called relocation camps (and used as well to (see "Sins of the Past," Newspoints, June 2002). Aetna is a $5.48 billion health benefits company. Aetna, incorporated in December 1982, is a health benefits company with business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets in the Health Care, Group Insurance, and Large Case Pensions segments. Williams, a jazz afficionado, joins an elite group of black executives who are leading corporate giants. "I think it's a tremendous reflection on the organization, and I think it reflects on some of the progress that's been made," says Williams of the appointment. "I think by the time you reach the level I'm at, or levels close to it, people have developed a strong focus of how you add value in meeting the needs of your customers and shareholders. So I see it as a continuation of the process." |
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