8-KLeadership Changes

Aon plc 8-K Report, Executive Changes (Sep 27, 2007)

Filed September 27, 2007For Securities:AON

Summary

This 8-K filing by Aon Corporation, dated September 27, 2007, announces a change in the composition of its Board of Directors. Effective January 1, 2008, the size of the Board will be increased to fifteen members with the appointment of Fulvio Conti as a new Director. Mr. Conti brings significant executive experience, having served as CEO of Enel S.p.A., Italy's largest power company, since 2005, and previously as its CFO. Investors should note the details of Mr. Conti's compensation as a non-management Director, which includes an annual retainer, annual grants of deferred stock units, and a charitable contribution match. This appointment suggests Aon's continued focus on strengthening its board with international executive expertise.

Key Highlights

  • 1Aon Corporation's Board of Directors size will increase from fourteen to fifteen members, effective January 1, 2008.
  • 2Fulvio Conti has been elected to serve as a new Director, commencing January 1, 2008.
  • 3Mr. Conti has extensive executive experience, currently serving as CEO of Enel S.p.A. and previously as its CFO.
  • 4As a non-management Director, Mr. Conti will receive an annual retainer of $85,000.
  • 5Mr. Conti will be granted deferred stock units valued at $85,000 annually, plus an additional $85,000 grant upon joining the Board.
  • 6Aon will provide reimbursement for travel and related expenses for Mr. Conti's Board service.
  • 7Aon Foundation will match Mr. Conti's charitable contributions up to $10,000.

Frequently Asked Questions

Aon is increasing the size of its Board of Directors to accommodate the addition of a new director, Fulvio Conti, who brings significant international executive experience.

Fulvio Conti has served as the Chief Executive Officer of Enel S.p.A. (Italy's largest power company) since 2005 and was its Chief Financial Officer from 1999 to 2005.

Mr. Conti will receive an annual retainer of $85,000, an annual grant of deferred stock units valued at $85,000, and an additional initial grant of $85,000 in deferred stock units. Aon will also reimburse his travel expenses and match charitable contributions up to $10,000.

Mr. Conti's election to the Board of Directors is effective January 1, 2008.