Ron Williams

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For other people named Ron Williams, see Ron Williams (disambiguation).
Ronald A. Williams
Ronald A. Williams - World Economic Forum Annual Meeting Davos 2010 crop.jpg
World Economic Forum, Davos 2010
Born 1949
Chicago, Illinois, United States
Nationality American
Alma mater Roosevelt University (BA)
MIT Sloan School of Management (MBA)
Occupation Founder, RW2 Enterprises, LLC, Former Chairman and CEO, Aetna Inc.

Ronald Allen "Ron" Williams is an American businessman, entrepreneur and management consultant. He is the former Chairman and Chief Executive Officer of Aetna Inc., a leading diversified benefits company.

Aetna Leadership[edit]

Ron Williams served as both Chairman and CEO of Aetna until November 2010 and as Chairman through April 2011.[1] He also served as Chairman of the Aetna Foundation from 2006 to April 2011.[2] During Williams' tenure, Aetna was named Fortune's most admired Company in the Health Care: Insurance and Managed Care category for three consecutive years.[3] Aetna 2011 revenues were $34 billion and the firm ranked 77th on the Fortune 100 list. [4]

Joining Aetna in 2001, Williams focused on transforming the company's strategy, culture, operating performance and financial results. In 2002, Williams was named President and joined Aetna's Board. He was named CEO in February 2006 and Chairman of the Board in October 2006. In 2001, Aetna reported a net loss from continuing operations of $292 million[5] and earnings per share loss from continuing operations of $0.46. In 2011, full year operating earnings were $2.0 billion with operating earnings per share of $5.17 producing a 12.3 percent operating EPS CAGR over the last five years.[6]

Under Williams' leadership, Aetna sought to make a positive impact on health care in America by serving as a catalyst for change, focusing the industry, public policy leaders, physicians and employers on issues aimed at increasing access and affordability, and transforming American health care into a more efficient system that delivers greater value to all Americans.[7] He has championed specific reforms in numerous broadcast media interviews and authored or co-authored op-ed articles in The Wall Street Journal, Washington Post, The Financial Times and the Seattle Post-Intelligence.[8][9]

Business Leadership[edit]

Williams currently serves on the Board of Directors of American Express,[10] Boeing[11] and Johnson and Johnson.[12] He is also an advisor to the private equity firm, Clayton, Dubilier & Rice, LLC.,[13] and serves on the board, and as Chairman of Emergency Medical Services Corporation (EMSC), a leading provider of facility-based physician services and medical transportation services in the U.S.[14]

In January 2010, he co-chaired the World Economic Forum's Annual Meeting in Davos, Switzerland.[15] He also previously served as vice chairman of The Business Council from 2008-2010,[16] vice chairman of the Health Leadership Council,[17] and chairman of the Council for Affordable Quality Healthcare (CAQH).[18] Since 2002, Williams has served on the Massachusetts Institute of Technology's North America Executive Board.[19] He also is an advisor to The Wall Street Journal CEO Council[20] and a former member of the GE Healthymagination Advisory Committee.[21]

Public Service[edit]

In March 2011, Williams was appointed to the President's Management Advisory Board, which was assembled by President Obama.[22] He also serves on the boards of the Peterson Institute for International Economics[23] and Save the Children.[24]

Early Business Career[edit]

Prior to joining Aetna, Williams served as Group President, and President of WellPoint Health Networks' Blue Cross of California subsidiary, having joined WellPoint's predecessor firm, Blue Cross of California in 1987. Previously, he was co-founder of Visa Health Corp. and group marketing executive of Control Data Corp.[25]

Current Career Focus[edit]

Following his retirement from Aetna, Williams formed RW2 Enterprises, LLC, a consulting firm dedicated to serving American business and society. He speaks to and consults with senior corporate executives of Fortune 100 companies,[26] start-ups and the health care industry. He continues to champion value creation in health care both in the U.S. and abroad, paying particular attention to addressing critical societal and economic issues related to the increased prevalence of chronic diseases.[27]

Education[edit]

Williams holds a Bachelor of Arts in psychology from Roosevelt University and an MBA from the MIT Sloan School of Management.[28]

External Activities, Awards and Recognition[edit]

Williams is actively engaged in public service and philanthropy. He also appears frequently in the news media.[29] During his career, Williams has received media recognition and other awards including: Modern Healthcare "100 Most Powerful People in Healthcare 2009,"[30] Black Enterprise "100 Most Powerful Executives in Corporate America, 2009,"[31] Institutional Investor Magazine's 2009 "America's Best CEOs Health Care - Managed Care category"[32]

References[edit]

1. Aetna 2010 Annual Report

2. Aetna Foundation History Timeline

3. Fortune "Most Admired Companies", Aetna 2009 Annual Report

4. Fortune 500 May 2011, CNNMoney, May 23, 2011

5. Aetna 2002 Annual Financial Report

6. Ron Williams Official Bio

7. Aetna Chairman And CEO Ron Williams Testifies On Need For Fundamental Health Care Reform Before Senate HELP Committee

8. Ron Williams Official Bio 2012

9. Aetna Executive Bio

10. American Express Board of Directors

11. Boeing Board of Directors

12. Johnson & Johnson Board of Directors

13. Clayton, Dubilier & Rice Advisors

14. Emergency Medical Services Corporate Board of Directors

15. World Economic Forum Annual Meeting 2010

16. The Business Council Graduate Member Directory

17. Prognosis: A Healthcare Blog, "It's not etched in stone" Ron Williams, December 10, 2010, Healthcare Leadership Council

18. CAQH 2007 Press Release

19. MIT Sloan North American Executive Board

20. WSJ CEO Council

21. GE Healthymagination

22. President's Management Advisory Board, The White House, www.whitehouse.gov

23. Peterson International Institute for Economics Board of Directors

24. http://www.savethechildren.org

25. Ron Williams Official Bio 2012

26. About Ron Williams

27. WEF report Global Population Ageing: Peril or Promise, See Chapter 16 “The Challenge of Non-Communicable Diseases and Geriatric Conditions,” Ronald A. Williams and Randall Krakauer, M.D., January 2011

28. MIT MBA Program Featured Alumni

29. Ron Williams Media

30. Modern Healthcare "100 Most Powerful People in Healthcare," 2009

31. "The 100 Most Powerful Executives in Corporate America", by Sonia Alleyne, Black Enterprise, February 25, 2010

32. Aetna's CEO Williams Tops Industry List for "America's Best CEOs", Aetna News Release, May 22, 2009

External links[edit]