|AMERICAN INTERNATIONAL GROUP, INC. ANNOUNCES MANAGEMENT CHANGES AT AIG TECHNOLOGIES, INC.|
NEW YORK--Jan. 5, 2005--American International Group, Inc. (AIG) today announced that Mark Popolano, AIG Chief Information Officer, will assume senior executive leadership for AIG Technologies, Inc. (AIGT). Mr. Popolano, who has also been elected AIG Senior Vice President, will maintain his AIG CIO responsibilities and is succeeding Lawrence English, AIG Senior Vice President - Administration, who is retiring.
Supporting Mr. Popolano at AIGT will be Eric Deardorff, formerly Senior Director, Financial Analysis and Strategic Research for the Office of the AIG Chief Financial Officer, who assumes the role of AIGT Chief Financial Officer and Chief Administrative Officer. Hank Hamilton, Office of the AIG CIO Senior Vice President of Business Process and Call Center Operations, will take on the additional responsibility of AIGT Chief Operating Officer. Mr. Deardorff and Mr. Hamilton will report directly to Mr. Popolano.
"Merging the resources and operations of AIG Technologies with the Office of the CIO is an important step in our effort to seek, evaluate and implement the most effective technology strategies and solutions," said Howard I. Smith, AIG Vice Chairman, Chief Financial Officer and Chief Administrative Officer. "Furthermore, Mark's strategic planning and execution experience within the AIG Companies community is a valuable asset that AIGT will leverage for the benefit of its internal and external clients."
In his new position, Mr. Popolano will continue to focus on developing and maintaining world-class disaster recovery, security, business continuity and hosted solutions capabilities. Additionally, Mr. Popolano will oversee AIGT's Livingston, New Jersey and Fort Worth, Texas data centers to enhance the organization's global infrastructure, improve technology service levels and increase coordination of hardware and software purchasing.
Mark Popolano joined the AIG Companies in 1995 and has served in a wide range of IT-related roles, including American International Underwriters' senior system executive and AIG's Chief Technology Officer. He was named AIG Chief Information Officer in 2000 and became an AIG Vice President in 2002.
AIGT is a leading provider of utility-based IT management solutions and professional services. AIGT's data center facilities combine to form a world-class infrastructure that affords clients with extensive, on-demand processing power, data redundancy, disaster recovery and critical business contingency opportunities. AIGT's insurance software division specializes in providing software solutions to the property-casualty insurance industry.
American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include retirement services, financial services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.CONTACT: American International Group, Inc.
Andrew Silver, 212/770-3141
SOURCE: American International Group, Inc.