Summary
Aon plc announced on March 20, 2014, the appointment of James W. Leng as a new director to its Board of Directors, effective March 19, 2014. Mr. Leng brings a wealth of experience from leadership roles in various public companies, including Chairman and director positions at HSBC Bank plc, Chairman of Corus Group plc, and Chief Executive of Laporte plc. His extensive background in finance, global operations, and strategic leadership is expected to be a valuable asset to Aon's board. Mr. Leng's appointment is until the Company's 2014 annual general meeting, where shareholders will vote on his re-appointment. He will receive standard director compensation, including annual cash and equity awards. Investors should note that Mr. Leng's diverse corporate governance experience may provide enhanced oversight and strategic guidance for Aon.
Key Highlights
- 1Appointment of James W. Leng as a new Director to the Board, effective March 19, 2014.
- 2Mr. Leng's tenure as director is set to continue until Aon's 2014 annual general meeting of shareholders.
- 3Mr. Leng possesses extensive experience as Chairman and CEO of several major public companies, including HSBC Bank plc, Corus Group plc, and Laporte plc.
- 4Current directorships for Mr. Leng include Senior Independent Director of Genel Energy plc and Director of Alstom SA.
- 5Mr. Leng will receive the standard Aon director compensation package.
- 6The standard annual compensation includes $105,000 in cash and an annual equity grant valued at $155,000.
- 7Aon expects Mr. Leng to enter into a standard director indemnification agreement.