Ramani Ayer

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Ramani Ayer
Born India
Education Indian Institute of Technology
Drexel University
Employer The Hartford
Title CEO
Term 1991–2009
Predecessor Donald R. Frahm
Successor Liam McGee
Board member of
American Insurance Association
Website
The Hartford

Ramani Ayer is an Indian-American business executive, and the former CEO and chairman of The Hartford.

Education[edit]

Ayer earned his bachelor's degree in chemical engineering from the Indian Institute of Technology Bombay in 1969 and his master's and doctorate from Drexel University in Philadelphia, Pennsylvania in 1973.[1][2] Ayer has practiced Transcendental Meditation since the 1970s.[3]

Career[edit]

Ayer began working for The Hartford after receiving his Ph.D. in 1973.[4]

Ayer became vice president of HartRe, The Hartford's reinsurance subsidiary in 1983, president of Hartford Specialty Company in 1986, and senior vice president of The Hartford in 1989. He then became executive vice president of The Hartford in 1990, and president and COO of the company's property-casualty operations in 1991.[4] After being elected CEO in 1996, he took the office of chairman and CEO of The Hartford on February 1, 1997.[4][5]

In 2007, Ayer was one of three foreign-born Indian-origin executives to run a Fortune 100 company.[6]

In June 2009, Ayer announced his retirement from The Hartford by the end of the year.[7] He stepped down as CEO on October 1, 2009.[8]

While CEO, Ayer served as a member of the Business Roundtable representing The Hartford. Ayer sits on the board of directors for the American Insurance Association and the Hartford Hospital while also serving as a trustee of the Connecticut Center for Science and Exploration.[4] He serves on the boards of the Maharishi University of Management and the David Lynch Foundation for Consciousness-Based Education and World Peace, which funds the instruction of Transcendental Meditation in schools.[9][10] In 2011, he was appointed to the board of directors of XL Group, a financial services company.[10]

References[edit]

  1. ^ Duttagupta, Ishani (January 3, 2008). "Indian CEO thriving in US". The Economic Times. Retrieved 2008-06-15. 
  2. ^ Rajghatta, Chidanand (December 12, 2007). "Indian honchos splash US Inc, climb Fortune mountain". The Economic Times. Retrieved 2008-06-15. 
  3. ^ Ayer, Ramani (April 12, 2008). "Equanimity". In Hagelin, John. 8 Great Reasons to Meditate. 
  4. ^ a b c d "Company Overview : Management Team". The Hartford. Retrieved 2009-10-08. 
  5. ^ "Executive Changes". New York Times. September 18, 1996. Retrieved 2008-06-15. 
  6. ^ Ramachandran, Sudha (December 21, 2007). "Hand over the keys, the Indians are here". Asia Times. Retrieved 2008-06-15. 
  7. ^ Barris, Mike (June 4, 2009). "Hartford Chairman/CEO Ayer To Retire By Year-End". The Wall Street Journal. Retrieved 2009-06-11. [dead link]
  8. ^ Bansal, Paritosh (October 13, 2009). "FACTBOX-CEO departures during financial crisis". Reuters. Retrieved 2009-11-07. 
  9. ^ "Committee for Stress-Free Schools". tmeducation.org. Retrieved November 24, 2009. 
  10. ^ a b "XL Group plc Announces Appointment of Ramani Ayer to its Board of Directors" (Press release). New York: PR Newswire. February 24, 2011.