Aon Corporation CEO Patrick G. Ryan today announced plans to sell a portion of his company stock over the next year.
In a statement issued today, Ryan said:
“During my 42 years as CEO, I have not sold any of my Aon stock, though I have gifted a certain portion of my holdings to charities, my family and trusts. Having just celebrated my 68th birthday, however, the time has come for me to address certain personal estate, charitable and other financial matters. Accordingly, I am putting in place a 10b5-1 plan under which I will sell a portion of my Aon stock over the course of the next year. The plan covers 5 million shares out of my total beneficial holdings of nearly 26 million shares. As Aon’s Chairman, I have great faith in our management team under the leadership of our new CEO, Greg Case, and after this sale is complete, my wife and I will remain the Company’s largest individual shareholders and among its largest shareholders of any kind.”
Aon Corporation (www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 47,000 employees working in Aon’s 500 offices in more than 120 countries.
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