Aon announces extension of CEO contract

Aon announced that its Board of Directors approved an extension of President and CEO Greg Case’s employment agreement. Previously set to end on April 1, 2028, the agreement has been extended through December 31, 2030.

Case’s annual base salary increased to $1,750,000. He remains eligible for a target bonus of at least 250% of base salary, with the actual bonus amount determined at the discretion of the Board’s independent directors.

Case also received a $50 million performance share unit grant as part of the new employment agreement. The grant ties Case’s payout directly to the company’s operational performance over five years. He can earn anywhere from nothing to $100 million depending on whether Aon hits targets for organic revenue growth, adjusted operating margin, and free cash flow between 2026 and 2030.