NEW YORK--(BUSINESS WIRE)--Dec. 10, 2015--
American International Group, Inc. (NYSE:AIG) announced today the
formation of a new Executive Leadership Team, designed to execute AIG’s
strategic priorities and provide value to its approximately 90 million
clients around the world.
“Our new management structure will ensure we have strong end-to-end
accountability within the customer segments, so we can transform into a
more efficient, less complex organization with accelerated
decision-making in response to our clients’ needs,” said Peter D.
Hancock, AIG President and Chief Executive Officer. “We are moving
forward with a continued sense of urgency on our four strategic
priorities: narrowing our focus on clients, products, and geographies
where we can grow profitably; driving for efficiency; growing through
innovation, and optimizing our data assets and client relationships; and
returning excess capital to shareholders.
“The Executive Leadership team is a dynamic, highly skilled group of
executives, with deep experience in successful execution,” added Mr.
Reporting to Mr. Hancock on the Executive Leadership Team will be the
Douglas Dachille – Chief Investment Officer. Doug will oversee the
Science function, and Murli Buluswar, Chief Science Officer, will
report to him.
Philip Fasano – Chief Information Officer.
Martha Gallo – Chief Auditor. Martha will continue to report both to
the Board’s Audit Committee and to Mr. Hancock.
Kevin Hogan – CEO of Consumer. The Japan operations and the Consumer
Claims organization will report to Kevin.
Jeffrey Hurd – Executive Vice President – Transformation, Human
Resources, and Administration.
Seraina Maag – CEO of Regional Management & Operations. The Regional
CEO & President roles (Americas, EMEA, and Asia Pacific) will be
consolidated into one role with oversight of country management.
Seraina will also assume oversight of Operations.
Thomas Russo – General Counsel – Legal, Compliance, Regulatory
Affairs, and Government Affairs.
Sid Sankaran – Chief Financial Officer. Sid will maintain oversight of
Enterprise Risk Management. Alessa Quane will become Chief Risk
Officer and will continue in the role of Chief Corporate Actuary,
reporting both to Sid and to the Board’s Risk and Capital Committee.
Robert Schimek – CEO of Commercial. The UK operations and the
Commercial Claims organization will report to Rob.
Brian Schreiber – Chief Strategy Officer, and Head of Corporate
Marketing and Communications.
David Herzog will continue as Chief Financial Officer through the filing
of AIG’s 2015 Form 10-K. Sid Sankaran will continue as Chief Risk
Officer until he becomes Chief Financial Officer (at which time Alessa
Quane will become Chief Risk Officer and continue in the role of Chief
Corporate Actuary). All other Executive Leadership Team appointments are
effective immediately. David Herzog, John Doyle, Jose Hernandez, and
Eric Martinez will leave the company after a period of transition.
“Several of our senior leaders will depart the company,” said Mr.
Hancock. “I am grateful for their years of distinguished service. Their
leadership has been invaluable in positioning AIG for long-term growth
and sustainable profitability.”
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151210005689/en/
Source: American International Group, Inc.
American International Group, Inc.
Hendricks Sullivan, 212-770-3141