Doug Steenland Named Chairman of AIG Board of Directors, Succeeding Steve Miller, Who Will Remain a Director
April 16 2015 - 08:55AM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that Douglas M. Steenland will succeed Robert S. “Steve” Miller as
non-executive Chairman of the AIG Board of Directors, effective
July 1, 2015.
Douglas Steenland (Photo: Business
Wire)
Mr. Miller has served as Chairman of the AIG Board since July
2010. AIG’s Corporate Governance Guidelines provide that generally
an individual should not serve in that role for more than five
years. Both Mr. Steenland and Mr. Miller are standing for
re-election at AIG’s upcoming annual meeting on May 13, 2015.
“On behalf of the entire board, we would like to thank Steve for
his tireless service and outstanding leadership since he was named
chairman in 2010, and we all look forward to working with Doug in
his new leadership role,” said Suzanne Nora Johnson, chairman of
the Nominating and Governance Committee of the AIG Board of
Directors, which led the Board’s succession process.
“It has been a great honor to serve as Chairman of the Board
during the past five extraordinary years in AIG’s history, and I
look forward to continuing to serve on the Board,” Mr. Miller
said.
“AIG plays a unique role in the world, helping companies and
consumers all over the world manage their risks and realize
opportunities,” Mr. Steenland said. “We remain committed to an AIG
that is transparent, well-managed, and valued by all of its
stakeholders, and it is in that spirit that I deeply appreciate the
opportunity to succeed Steve,” Mr. Steenland said.
Mr. Steenland and Mr. Miller joined the AIG Board at the same
time, in June 2010. Mr. Steenland is currently Chairman of the
Board’s Regulatory, Compliance and Public Policy Committee, and a
member of the Board’s Risk and Capital Committee.
Mr. Steenland is the former Chief Executive Officer of Northwest
Airlines Corporation, serving from 2004 to 2008, and President,
serving from 2001 to 2004. Prior to that, he served in a number of
Northwest Airlines executive positions after joining Northwest
Airlines in 1991, including Executive Vice President, Chief
Corporate Officer, and Senior Vice President and General Counsel.
Mr. Steenland retired from Northwest Airlines upon its merger with
Delta Air Lines, Inc.
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: @AIG_LatestNews | 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.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150416005537/en/
AIGMediaJon Diat, 212-770-3505jon.diat@aig.comorMediaJennifer
Hendricks Sullivan,
212-770-3141jennifer.sullivan@aig.comorInvestorsLiz Werner,
212-770-7074elizabeth.werner@aig.com
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