Ramani Ayer
Template:Short description Template:Use dmy dates Template:Use Indian English Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for clobbered parameters".Template:Wikidata image Ramani Ayer (born 27 May 1947 in Kerala, India) is an Indian-American business executive, and the CEO and chairman of The Hartford from 1997 to 2009.[1]
Education
Ayer earned his bachelor's degree in chemical engineering from the Indian Institute of Technology Bombay in 1969 and his Masters and Ph.D. from Drexel University in Philadelphia, Pennsylvania, in 1973.[2][3] Ayer has practiced Transcendental Meditation since the 1970s.[4]
Career
Ayer began working for The Hartford after receiving his Ph.D. in 1973.[5]
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.[5] After being elected CEO in 1996, he took the office of chairman and CEO of The Hartford on 1 February 1997.[5][6]
In 2007, Ayer was one of three foreign-born Indian-origin executives to run a Fortune 100 company.[7]
In June 2009, after facing pressure from the company shareholders,[8] Ayer announced his retirement from The Hartford by the end of the year.[9] He stepped down as CEO on 1 October 2009.[10] He received a $39.9 million lump sum pension in 2010, a particular pension plan provided by Hartford.[11]
While CEO, Ayer served as a member of the Business Roundtable representing The Hartford. Ayer sat 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.[5]
In 2011, Ayer was appointed to the board of directors of XL Group, a financial services company.[12]
Transcendental Meditation
At the age 24, Ayer learned to meditate and completed the basic Transcendental Meditation program while studying at Drexel. He believes Transcendental Meditation has enabled him to manage professional and personal success. He also took part to the Global Peace Initiative. He served on the board of Maharishi University of Management (MUM) where his son studied.[13]
Ayer has been a trustee of the David Lynch Foundation.[1]
Personal life
Ayer is married to Louise. They have two children.[1] Ayer is of Tamil descent.
References
<templatestyles src="Reflist/styles.css" />
- ↑ a b c Ramani Ayer, Nndb.com
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ a b c d Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ The Hartford’s CEO Ayer, Facing Pressure, to Retire, Insurancejournal.com, 4 June 2009
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Judy Greenwald, Hartford to pay Ramani Ayer $39.9M lump-sum pension, Businessinsurance.com, 4 September 2010
- ↑ Script error: No such module "citation/CS1".
- ↑ Ramani Ayer, a man of business and peace, Tmhome.com, 11 August 2014
Script error: No such module "Check for unknown parameters".
- Pages with script errors
- American chief executives of financial services companies
- American Hindus
- American people of Tamil descent
- American people of Indian descent
- Drexel University alumni
- Indian chief executives
- Indian emigrants to the United States
- IIT Bombay alumni
- Living people
- American chief operating officers
- 1947 births