8-KLeadership Changes

Aon plc 8-K Report, Executive Changes (Aug 10, 2016)

Filed August 10, 2016For Securities:AON

Summary

Aon plc announced a significant change to its Board of Directors through an 8-K filing on August 10, 2016. The company appointed Jin-Yong Cai as a new director, effective August 10, 2016. Mr. Cai's appointment is a key development, bringing his extensive experience in global finance and private equity to Aon's board. He is expected to serve until the 2017 annual general meeting, subject to shareholder re-appointment. Mr. Cai's background includes his current role as a partner at TPG Capital since February 2016, and prior to that, he served as the chief executive officer of the International Finance Corporation (IFC) from October 2012 to January 2016. His expertise in international finance and private equity is expected to be valuable to Aon's strategic direction. He has also been appointed to the Board's Finance and Organization and Compensation Committees, indicating a direct involvement in critical oversight and decision-making areas.

Key Highlights

  • 1Aon plc appointed Jin-Yong Cai as a new director to its Board of Directors, effective August 10, 2016.
  • 2Mr. Cai is expected to serve until the Company's 2017 annual general meeting of shareholders.
  • 3Mr. Cai brings significant experience as a partner at TPG Capital, a global private equity firm.
  • 4Prior to joining TPG Capital, Mr. Cai served as the chief executive officer of the International Finance Corporation (IFC) from October 2012 to January 2016.
  • 5Mr. Cai has been appointed to the Finance and Organization and Compensation Committees of the Board.
  • 6Mr. Cai's compensation will be in line with Aon's standard non-employee director compensation practices.

Frequently Asked Questions

Jin-Yong Cai is a new director appointed to Aon plc's Board. He is currently a partner at TPG Capital, a global private equity firm, a position he has held since February 2016. Prior to that, he served as the chief executive officer of the International Finance Corporation (IFC), part of the World Bank Group, from October 2012 to January 2016. His background is in global finance and private equity.

Mr. Cai has been appointed to serve on the Finance and Organization and Compensation Committees of the Board of Directors.

Mr. Cai will receive compensation as a non-employee director in accordance with Aon's established non-employee director compensation practices. This compensation will be prorated based on his start date.

Mr. Cai is expected to be subject to re-appointment by a vote of the Company’s shareholders at Aon's 2017 annual general meeting.