NEW YORK--Aug. 6, 2009--
American International Group, Inc. (AIG) today announced that its Board
of Directors has elected AIG Director Harvey Golub Non-Executive
Chairman of the Board. Mr. Golub will assume his new role on August 10,
2009, succeeding retiring Chairman and CEO Edward M. Liddy.
“Harvey Golub is one of the most experienced and respected executives in
the financial services industry today, known for his leadership,
integrity, and business acumen. All of our stakeholders will benefit
from his commitment to AIG and our enduring goal of ensuring we meet our
obligations, including those to taxpayers,” Mr. Liddy said.
“Harvey is a terrific partner, and we are very much looking forward to
working together,” said Robert Benmosche, who will assume the role of
President and Chief Executive Officer of AIG on Monday, August 10. “We
have a tremendous opportunity to realize the true value of AIG’s many
great businesses for the benefit of all of our stakeholders, including
clients, employees, and the U.S. government.”
“It is critical that we preserve and protect the value that has been
built over the course of decades in AIG, a unique global franchise,” Mr.
Golub said. “The entire board and I are committed to working with Bob
and the management team to deliver maximum value to all of our
Mr. Golub, 70, was elected to the AIG Board of Directors in May 2009.
Mr. Golub was Chairman and Chief Executive Officer of American Express
Company from 1993 to 2001. Prior to joining American Express in 1984,
Mr. Golub was a senior Partner with McKinsey & Co. Mr. Golub is the
Non-Executive Chairman of Ripplewood Holdings, a private equity firm
based in New York. He is a member of the Board of Directors of Campbell
Soup Company, and formerly its Non-Executive Chairman. Mr. Golub serves
as Non-Executive Chairman of the Board of Directors of The Reader’s
Digest Association, and he is also a director of RHJ International, a
public investment company based in Belgium.
American International Group, Inc. (AIG), a world leader in insurance
and financial services, is the leading international insurance
organization with operations in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional and
individual customers through the most extensive worldwide
property-casualty and life insurance networks of any insurer. In
addition, AIG companies are leading providers of retirement services,
financial services and asset management around the world. AIG’s common
stock is listed on the New York Stock Exchange, as well as the stock
exchanges in Ireland and Tokyo.
Source: American International Group, Inc.
American International Group, Inc.