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Peter Lieb, general counsel of Aon PLC, will retire from the brokerage on Dec. 31, 2020, and in the interim will transition to special legal adviser to CEO Greg Case by Dec. 31, 2019, Aon announced Tuesday.
Mr. Lieb joined Aon in 2009 and has also served as its company secretary since 2013. Prior to joining Aon, he held legal positions at various corporations including NCR Corp. and Symbol Technologies Inc.
Aon will conduct a search for his successor, the brokerage said in a statement.
According to his separation agreement, Mr. Lieb will be paid a special bonus of $1.8 million for duties carried out during the transition period, in addition to his $700,000 salary, subject to restrictive covenants and other conditions.
Aon PLC named Brian Cochrane to be chief commercial officer of the broker’s new ventures group and has placed its intellectual property unit under the auspices of the group, Aon said in a statement Tuesday.