NEW YORK--(BUSINESS WIRE)--May 13, 2015--
American International Group, Inc. (NYSE:AIG) today announced that Brian
T. Schreiber will assume the newly created role of Executive Vice
President and Chief Strategy Officer. Mr. Schreiber, who has served in
various senior roles over the course of his 18-year career at AIG, will
report to Peter D. Hancock, President and Chief Executive Officer of
AIG. Mr. Schreiber will join AIG’s Operating Committee and chair its
As Chief Strategy Officer, Mr. Schreiber will oversee AIG’s global
strategic planning efforts; M&A and divestitures; and Communications,
which includes corporate marketing, brand, external and internal
communications, digital media, and philanthropy and volunteerism; he
also will share responsibility for Investor Relations with David Herzog,
AIG’s Chief Financial Officer.
Mr. Schreiber will lead AIG’s efforts to identify, and execute on,
value-maximizing growth opportunities, rationalize the company’s
portfolio of businesses, and determine capital allocation. In addition,
Mr. Schreiber will ensure that AIG communicates credibly and effectively
as the company continues to strive to advance trust and confidence among
its many stakeholders, both internal and external.
“Brian, in both operating and transactional roles, has demonstrated
seasoned leadership in the best and worst of times for our company,” Mr.
Hancock said. “His broad scope of expertise and deep understanding of
the company will be enormously valuable in helping us shape our path and
manage future challenges.”
Most recently, Mr. Schreiber served as Deputy Chief Investment Officer,
which included managing a $200 billion asset portfolio. He also served
as Treasurer and as Head of Strategic Planning, managing many of AIG’s
major acquisitions, as well as acting as a key member of the team that
designed and executed AIG’s restructuring plan to successfully repay
America plus a combined positive return of nearly $23 billion.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
Source: American International Group, Inc. (AIG)
American International Group, Inc. (AIG)
Jon Diat (Media),
Hendricks Sullivan (Media), 212-770-3141
Werner (Investors), 212-770-7074