AIG Announces Independent Director Paola Bergamaschi Elected to Join Board Effective December 1, 2022
November 03 2022 - 4:16PM
Business Wire
John G. Rice to Become Lead Independent
Director Effective January 1, 2023
American International Group, Inc. (NYSE: AIG) today announced
that the Board of Directors has elected Paola Bergamaschi as a
director of the company, effective December 1, 2022. In addition,
John G. Rice, who joined the Board in March 2022, will take on the
role of Lead Independent Director, effective January 1, 2023.
Douglas M. Steenland, who served as Non-Executive Chairman from
2015 until March 1, 2021 when he became Lead Independent Director
of the Board, has decided not to stand for re-election at the
Annual Meeting of Shareholders in 2023.
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Peter Zaffino, Chairman & CEO, AIG, stated, “We are very
pleased that Paola is joining the AIG Board of Directors. Paola is
an experienced financial services executive and independent
director who brings deep international expertise in capital
markets, global banking, and risk and international regulatory
oversight. As we continue to position AIG as a global leader, we
are fortunate to add someone with Paola’s excellent reputation and
fresh perspective to the AIG Board.”
Mr. Zaffino continued, “On behalf of the entire Board, I want to
thank Doug for his contributions as Lead Independent Director and
for his many years of service to AIG which included his prior roles
as Chairman of the Board, Chairman of the Regulatory, Compliance
and Public Policy Committee, and member of the Risk and Capital
Committee. I look forward to continuing to collaborate with him as
a director until next year’s annual meeting.”
“John’s contributions to the AIG Board since he joined last
March, including serving as Chair of AIG’s Nominating and Corporate
Governance Committee, are grounded in broad, deep, and diverse
experiences. His leadership will be invaluable as we continue to
execute on our strategy to deliver long-term profitable growth by
remaining intently focused on underwriting excellence, deploying
capital responsibly, and delivering quality in everything we do as
we strive to become a top performing company.”
Ms. Bergamaschi has served as an independent director for
several companies, including BNY Mellon International, Wells Fargo
Securities International, and asset manager ARCA Fondi SGR. Prior
to her board service, Ms. Bergamaschi had a successful career in
financial services, including senior executive roles with Goldman
Sachs, Credit Suisse First Boston, and State Street Corporation
both in the U.S. and U.K.
Mr. Rice has served on the Baker Hughes Board of Directors since
2017. He previously served as Non-Executive Chairman of GE Gas
Power from 2018 to 2020. Prior to this role, Mr. Rice was President
and Chief Executive Officer of the GE Global Growth Organization
for seven years. Mr. Rice held other senior leadership positions
with General Electric in its global markets, including Hong Kong,
Singapore, and Canada, before retiring from GE as Vice Chairman in
2018. Mr. Rice is a trustee of Emory University and Hamilton
College.
About AIG
American International Group, Inc. (AIG) 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 70 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.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
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 jurisdictions, and coverage is subject to
underwriting requirements and 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.
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AIG: Quentin McMillan (Investors):
Quentin.Mcmillan@aig.com Dana Ripley (Media):
Dana.Ripley@aig.com
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