AIG announces Peter Zaffino to its Board of Directors as CEO designate to succeed Brian Duperreault, stepping to Executive Chairman role

– USA, NY –  American International Group, Inc. (NYSE: AIG) today announced the appointment of current President, Peter Zaffino as CEO, effective March 1, 2021, alongside Brian Duperreault stepping to Executive Chairman role, while current Independent Chairman,  Doug Steenland, will become Lead Independent Director at the same date.

“We are grateful to Brian for his leadership and expertise in guiding the strategic repositioning of AIG’s businesses as market leaders and we look forward to his ongoing contributions as Executive Chairman. We are extremely fortunate to have an executive of Peter’s caliber and have great confidence about the future of the company under his leadership.” said Doug Steenland, speaking on behalf of the Board of Directors.

Mr. Zaffino has also been appointed to the Board of Directors, effective immediately.

Mr. Zaffino said, “I am honored to succeed Brian as Chief Executive Officer of AIG and want to thank him and the AIG Board of Directors for this opportunity. I look forward to leading AIG’s next phase on our journey to becoming a top-performing company.”

Mr. Duperreault commented, “I want to thank the AIG Directors for their continued support and congratulate Peter on his well-deserved election as the next Chief Executive Officer of AIG. Peter has been instrumental in the significant turnaround and transformation at AIG and his vision, determination, and pursuit of excellence will help ensure the company’s future success.”

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 more than 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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