Andrew M. Appel made his mark in the corporate world as a significant figure at Aon Corporation. Joining the company in 2005 after a successful stint as a senior partner at McKinsey & Company, he quickly rose through the ranks....

Current Market Cap

$82.44B

Number of Employees

50K

Total Compensation

2008 - 2010

Trending up by 121.98% last year
Showing total compensation for the last 2008 - 2010

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Down by -100.00% last year

Other

Up by 0.00% last year

Year

2010

Total Compensation

$5.27M

Salary

$950.00K

Board Justification

The compensation philosophy for Aon plc aims to align executive compensation with company performance, focusing on long-term value creation and retention of key talent. The philosophy emphasizes performance-based incentives and competitive compensation packages.

Bonus

$0.00

Board Justification

Andrew M. Appel did not receive a bonus for 2010 as per the terms of his transition agreement.

Other

$4.32M

Board Justification

This includes a lump sum payment of $4,263,000 as part of his transition agreement, along with other compensation elements such as legal fee reimbursements and outplacement assistance.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested for Andrew M. Appel in 2010 as per the proxy statement.

Performance Metrics

The performance metrics for determining CEO compensation in 2010 were based on company-wide performance targets, including budgeted pre-tax income from continuing operations and other strategic objectives.

SEC Filing

From April 8, 2011

Andrew M. Appel

Ex-CEO of Aon plc

AM

Education

Bachelor's degree; MBA from Harvard Business School.

Field of Expertise

Born

April 1, 1965 - 59 years ago

Is Founder?

No

Tenure

2 years 1 month (Mar 2008 - Apr 2010)

Previous Experience

CEO of Aon Consulting Worldwide; Senior Partner at McKinsey & Company.