Aon Hewitt, the global talent, retirement and health solutions business of New York listed Aon, has appointed a new Chief Executive Officer for its consulting business in Greater China.
Effective immediately Peter Zhang will take on the new role, he will succeed Klaus Liu, who will now take on the role of Chairman.
Zhang (pictured left) has been with Aon Hewitt for 8 years. Prior to this role he was the compensation practice leader for Aon Hewitt Greater China, and specialised in broad based rewards consulting, the China healthcare industry, HR function transformation and sales force effectiveness. «Over the last 12 years, Klaus has established strong and trusted advisor relationships with our clients and developed a team with a winning mind set,» said Stewart Fotheringham, CEO Asia Pacific, Middle East and Africa, Aon Hewitt.
In a survey last year Aon Hewitt reported that salaries in China had risen by an average of 6.7 percent, however the report also noted that while labour costs keep rising, employee productivity there is yet to improve.
