Aon CFO Harvey N. Medvin to Retire, David P. Bolger Named to Succeed Him

January 10, 2003

Aon Corp. announced that longtime CFO Harvey N. Medvin, 66, will retire in April 2003, and will be succeeded by David P. Bolger.

“For more than thirty years, Harvey has been a pillar of Aon’s executive management team and we have relied on his counsel and financial expertise,” stated Patrick G. Ryan, Aon’s Chairman and CEO. “When Harvey joined, we were a local company. Today, Aon is a global enterprise with nearly $8 billion in revenue spanning more than 125 countries. Harvey’s constant dedication, hard work and guidance proved invaluable in making this success possible. He has overseen mergers and acquisitions that have helped shape Aon into the worldwide franchise that it is today.”

Medvin, who will continue in an advisory capacity after his retirement, commented, “I have thoroughly enjoyed my career at Aon and am proud to have been a part of its growth. I feel fortunate to have worked with so many exceptional people over the past three decades.”

He joined Aon’s predecessor company, Ryan Insurance Group, Inc., in 1972 where he served as a corporate officer and member of the Board of Directors. In October 1982, Mr. Medvin joined Combined International Corporation as Chief Financial Officer following the merger of Ryan Insurance Group, Inc. and Combined International Corporation, which was renamed Aon Corporation in 1987.

Bolger, 45, joins Aon as Executive VP for Finance and Administration, following a 20-year career at Bank One Corporation and its predecessor companies, American National Bank and Trust Company and First Chicago Corporation.

“We are very pleased to have David join our executive management team,” Ryan indicated. “I have known David during his many years in the banking industry and believe that his financial acumen, coupled with his experience leading major businesses, will be a tremendous asset to Aon.”

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