AIG Announces Five-Year Employment Agreement with Peter Zaffino
November 10 2022 - 5:35PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that AIG and Peter Zaffino, President & Chief Executive Officer
and Chairman of the Board, have entered into an agreement securing
Mr. Zaffino’s employment through November 10, 2027.
Speaking on behalf of the AIG Board of Directors, John G. Rice
said, “We are fortunate to have Peter continue as the CEO of AIG
for at least the next five years. Throughout his career, Peter has
developed an excellent track record as a visionary, insightful
leader, with an ability to execute comprehensive transformational
programs that turn his strategic vision into tangible, measurable
success. Under Peter’s leadership, AIG has delivered on ambitious
operational and financial objectives and is well positioned to
continue to drive long-term value for the company’s shareholders
and other stakeholders.”
Peter Zaffino stated, “Over the last few years, our global team
has executed a complex, multi-faceted turnaround and transformation
to elevate AIG’s performance, and deliver value to our clients,
distribution partners, shareholders, and other stakeholders. We
instilled a culture of underwriting and operating excellence,
dramatically changed our risk tolerance, and transformed the way we
work and collaborate across the organization. It is a privilege to
lead AIG and our talented group of colleagues, and I look forward
to continuing to build on our significant momentum on our journey
to become a top performing company and market leader in everything
we do.”
More information is available in the Company’s Form 8-K, filed
today with the U.S. Securities and Exchange Commission.
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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version on businesswire.com: https://www.businesswire.com/news/home/20221110006168/en/
Quentin McMillan (Investors): Quentin.Mcmillan@aig.com Dana
Ripley (Media): Dana.Ripley@aig.com
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