AIG announces CEO Peter Zaffino to upcoming additional role of Chairman of the Board of Directors

– USA, NY –  American International Group (NYSE: AIG) today announced that its President and CEO, Peter Zaffino, will assume the additional role of Chairman of the Board of Directors, effective January 1, 2022, succeeding Brian Duperreault, currently Executive Chairman, who will retire from the Board of Directors at year-end 2021.

“The AIG Board of Directors has great confidence in Peter’s ability to continue executing on AIG’s transformation and growth strategy designed to create long-term, sustainable value,” said Lead Independent Director, Doug Steenland. “Peter’s transition into the CEO role in March 2021 was seamless and the company is performing exceptionally well. His leadership is highly respected by the Board, the insurance industry and across the company’s many stakeholders.”

Mr. Zaffino added: “I am grateful for the support of our Board of Directors, the strength and many contributions of our executive team, and the hard work and dedication of our colleagues across the globe. Our commitment to underwriting and operational excellence, and delivering solutions and value in everything we do, has been an important part of our journey to be a global industry leader. I am proud of what our team has accomplished over the last several years and very excited about what the future holds for AIG and our many stakeholders.”

About AIG

American International Group, Inc. is a leading global insurance organization. AIG member companies provide a wide range of property-casualty insurance, life insurance, retirement solutions, and other financial services to customers in approximately 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.

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