Saturday March 13, 2010

AIG’s Golub Expected to Chair the Board

Move would fulfill Liddy’s wish to split chairman and CEO roles

American International Group board member Harvey Golub the former chief executive officer of American Express is the top candidate to be the insurer’s chairman, according to Bloomberg. The board of New York-based AIG hasn’t reached a final decision, said a source. AIG named Robert Benmosche this week to replace Edward Liddy as chief executive officer. Liddy, who is also chairman, has said that AIG should split the roles of CEO and leader of the board. AIG’s next chairman will help the insurer dismantle itself to repay loans that are part of a $182.5 billion government bailout.

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