Aon Announcements.Chicago, Il--(BUSINESS WIRE)--April 17, 1998--Aon Corporation (Aon) today announced the election of its Board of Directors, including the election of two new Directors to fill the seats of retiring Directors. The new Directors are Richard C. Notebaert, Chairman of the Board, President and Chief Executive Officer of Ameritech Corporation and Carolyn Y. Woo, Dean of the College of Business at the University of Notre Dame Notre Dame IPA: [nɔtʁ dam] is French for Our Lady, referring to the Virgin Mary. In the United States of America, Notre Dame . Directors Peer Pedersen, Chairman and Managing Partner of Pedersen & Houpt, P.C., and Joan D. Manley, Group Vice President (retired) of Time Incorporated, had previously announced plans to retire effective as of the 1998 Stockholders' Meeting. Stockholders also approved the Aon 1998 Employee Stock Purchase Plan. The plan provides eligible employees with the opportunity to purchase Aon common stock through payroll deduction at 85% of the fair market value, subject to a semi-annual cap on purchases of $12,500. At the Board of Directors' Meeting immediately following the Stockholders' Meeting, the Board announced an increase in the Company's authorization The right or permission to use a system resource; the process of granting access. See access control. to purchase its common stock from 9,000,000 shares to 14,000,000 shares for use in connection with its benefit and stock compensation plans and for other general corporate purposes. Patrick G. Ryan, Chairman and Chief Executive Officer of Aon, said, "At Aon, we have a strong policy of aligning a·lign v. a·ligned, a·lign·ing, a·ligns v.tr. 1. To arrange in a line or so as to be parallel: align the tops of a row of pictures; aligned the car with the curb. employee and Board compensation with stockholders' interests. This latest increase in the authorization for the Company to buy shares is a natural outgrowth of the approval by Aon's stockholders last year of additional shares to be offered under certain of our stock-based compensation plans and of the stockholders approval of the Employee Stock Purchase Plan." The Board of Directors also announced the election of the following corporate officers: Kevann M. Cooke, Vice President-Corporate Secretary Arlene H. Hardy, Treasurer Melody melody, succession of single tones of varying pitch. Melody is the linear aspect of music, in contrast to harmony, the chordal aspect, which results from the simultaneous sounding of tones. L. Jones, Vice President-Human Resources John F. Roskopf, Vice President-Financial Relations Aon is an insurance services holding company that comprises a family of insurance brokerage, consulting and consumer insurance companies. Aon's common stock (Symbol AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . CONTACT: Aon Corporation John F. Roskopf Director, Financial Relations 312-701-3983 |
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