Ron Williams

Ron Williams Lee
Born 1949 (age 68–69)
Chicago, Illinois, United States
Nationality American
Alma mater Roosevelt University (BA)
MIT Sloan School of Management (MBA)
Occupation

Founder, RW2 Enterprises, LLC, former chairman, president and chief executive officer, Aetna Inc.;

Office of the Chairman, WellPoint Health Networks; President, Blue Cross of California;

Co-founder, Vista Health Corp.; Group Marketing Executive, Control Data Corp.

Ronald Allen "Ron" Williams (born 1949) is an American businessman, entrepreneur and management consultant, and is chairman and CEO of RW2 Enterprises, LLC. He is the former chairman, president and chief executive officer (CEO) of Aetna Inc., a diversified benefits company.

Following his retirement from Aetna, Williams formed RW2 Enterprises, LLC, a consulting firm dedicated to serving American business and society. He coaches and consults with senior corporate executives of Fortune 100 companies on transformational leadership strategy, board preparedness and business strategy.[1] He continues to champion value creation in health care in the U.S., and works to move the American health care system toward a value-based approach to health care, where physicians, health care providers, insurers, employers and consumers are working together to achieve the best possible health care.[2]

Aetna leadership

Williams served as both chairman and CEO of Aetna until November 2010 and as chairman through April 2011.[3] He also served as chairman of the Aetna Foundation from 2006 to April 2011.[4] During his tenure, Aetna was named Fortune magazine's most admired Company in the Health Care: Insurance and Managed Care category for three consecutive years.[5] Aetna 2011 revenues were $34 billion and the firm ranked 77th on the Fortune 100 list (the year he stepped down as Chairman).[6]

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[7] 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.[8]

Under his 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.[9] He has championed specific reforms in numerous broadcast media interviews and authored or co-authored op-ed articles in The Wall Street Journal, The Washington Post, the Financial Times and the Seattle Post-Intelligencer.[8][10]

Business leadership

Williams serves on the board of directors of American Express,[11] Boeing[12] and Johnson and Johnson.[13] He is also an operating advisor to the private equity firm Clayton, Dubilier & Rice,[14] serves on the board of Envision Healthcare (EVHC), which has 16,000 clinicians in 4,600 facilities in the U.S.,[15] and is chairman of the board of agilon health, a company partnering with physicians to create next generation value-based care delivery.[16] agilon health was launched in 2016.

Williams is vice chairman of The Conference Board.[17] Williams conceived and co-sponsored TCB's efforts to create the millennial leader report "Divergent Views/Common Ground, the leadership perspective of C-Suite Executives and Millennial Leaders.[18]" This report encourages C-Suite executives to better navigate millennial leader talent development and coaching. Williams actively participates with the Committee for Economic Development (CED), and co-chaired two of CED's studies: Adjusting the Prescription and Modernizing Medicare.

In January 2010, he co-chaired the World Economic Forum's annual meeting in Davos, Switzerland.[19] He also previously served as vice chairman of The Business Council from 2008 to 2010,[20] vice chairman of the Health Leadership Council,[21] and chairman of the Council for Affordable Quality Healthcare (CAQH).[22] He also was an advisor to The Wall Street Journal CEO Council[23] and a former member of the GE Healthymagination Advisory Committee.[24]

Public service

Williams serves on the MIT Corporation, the senior governing body of Massachusetts Institute of Technology, and also serves on MIT's North America Executive Board.[25]

In March 2011, Williams was appointed to the President's Management Advisory Board, which was assembled by U.S. President Barack Obama.[26] He served in that capacity until 2017. He serves on the board of the National Academy Foundation (NAF),[27] the Peterson Center on Healthcare Board of Advisors,[28] the Peterson Institute for International Economics[29] and the RAND Health Board of Advisors.[30]

In 2013 he was elected to the American Academy of Arts and Sciences,[31] an independent, multidisciplinary policy research center, and became a trustee of the Committee for Economic Development, a non-profit, non-partisan, business-led public policy organization.

Early business career

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 Corporation.[8]

Education

Williams holds a Bachelor of Arts in psychology from Roosevelt University and a Master of Business Administration from the MIT Sloan School of Management.[32]

External activities, awards and recognition

Williams is actively engaged in public service and philanthropy. He also appears frequently in the news media.[33] During his career, Williams has received media recognition and other awards including:

References

  1. ↑ "Business Strategy Consulting - Ron Williams, Transformational Leadership". ronwilliams.net.
  2. ↑ "Global Population Ageing: Peril or Promise?". Global Population Ageing: Peril or Promise? - World Economic Forum.
  3. ↑ "Aetna 2010 Annual Report - Thank you, Ron Williams". aetna.com.
  4. ↑ "History & Timeline - Aetna Foundation". aetna-foundation.org.
  5. ↑ "Aetna 2009 Annual Report". aetna.com.
  6. ↑ "Fortune 500 - Fortune". Fortune.
  7. ↑ "Aetna 2002 Annual Financial Report" (PDF). library.corporate-ir.net.
  8. 1 2 3 "Official Bio". ronwilliams.net. Archived from the original on February 13, 2012.
  9. ↑ "Testimony of Ronald A. Williams Chairman and Chief Executive Officer, Aetna Inc. before the United States Senate Health, Education, Labor & Pensions Committee "Addressing Insurance Reform"" (PDF). Retrieved August 4, 2017.
  10. ↑ "Aetna Leadership". aetna.com.
  11. ↑ "Company Name". americanexpress.com. Archived from the original on December 28, 2009.
  12. ↑ "Boeing". boeing.com.
  13. ↑ "Corporate Governance Overview". jnj.com. Archived from the original on February 22, 2012.
  14. ↑ "Clayton Dubilier & Rice, LLC - Building Businesses, Building Value". cdr-inc.com.
  15. ↑ "Corporate Governance". emsc.net.
  16. ↑ "Our Team". Agilon Health. Retrieved 2017-07-28.
  17. ↑ "Board of Trustees of The Conference Board". www.conference-board.org. Retrieved 2017-07-28.
  18. ↑ https://www.conference-board.org/press/pressdetail.cfm?pressid=6950. Missing or empty |title= (help)
  19. ↑ "World Economic Forum Annual Meeting 2010". World Economic Forum Annual Meeting 2010 - World Economic Forum. Archived from the original on May 8, 2013.
  20. ↑ "Archived copy". Archived from the original on February 4, 2012. Retrieved February 25, 2012.
  21. ↑ http://prognosisblog.com/2010/12/“it’s-not-etched-in-stone”/
  22. ↑ "AETNA CHAIRMAN AND CEO WILLIAMS ELECTED CAQH BOARD CHAIRMAN". CAQH.
  23. ↑ "CEO Council - Wall Street Journal CEO Council Page". wsj.com.
  24. ↑ "Healthymagination". healthymagination.com.
  25. ↑ "Executive Boards". mit.edu.
  26. ↑ "Sam Gilliland". The White House. Archived from the original on January 28, 2012.
  27. ↑ "Board of directors page". National Academy Foundation.
  28. ↑ http://petersonhealthcare.org/leadership. Missing or empty |title= (help)
  29. ↑ "IIE Board of Directors". piie.com.
  30. ↑ "health advisory board directory". Rand Health Advisory Board.
  31. ↑ "member, National Academy of Arts and Sciences" (PDF).
  32. ↑ "Archived copy". Archived from the original on March 3, 2012. Retrieved February 25, 2012.
  33. ↑ "Media". ronwilliams.net.
  34. ↑ "26. Ronald Williams - 100 Most Powerful People in Healthcare - 2009 - Modern Healthcare". Modern Healthcare.
  35. ↑ "The 100 Most Powerful Executives In Corporate America". Black Enterprise. Archived from the original on February 9, 2012.
  36. ↑ http://www.aetna.com/news/newsReleases/2009/0522_CEO_Williams_Tops.html
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