AIG (AIG) Elects Morris Offit to Board; Named Chair of Finance and Risk Management Committee
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The Board of Directors of American International Group, Inc. (NYSE: AIG) today elected Morris W. Offit a Director. Mr. Offit will serve as a Director until the 2013 Annual Meeting of Shareholders. Mr. Offit has also been named the Chairman of the Finance and Risk Management Committee of the Board.
Offit previously served as an AIG Director from 2005 until his retirement from the AIG Board at the 2012 Annual Meeting of Shareholders in accordance with the retirement guideline for AIG Directors. However, following the resignation of Donald H. Layton from the Board due to his appointment as Chief Executive Officer of Federal Home Loan Mortgage Corporation (Freddie Mac) in May 2012 and Ms. Laurette T. Koellner’s resignation from the Board in connection with becoming Executive Chairman of International Lease Finance Corporation, a wholly owned subsidiary of AIG, in June 2012, the Board determined that it was in the best interests of AIG and its shareholders to ask Mr. Offit to rejoin the AIG Board and serve until the 2013 Annual Meeting of Shareholders, as permitted by AIG’s retirement guideline, in light of his knowledge of AIG’s businesses and affairs.
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Offit previously served as an AIG Director from 2005 until his retirement from the AIG Board at the 2012 Annual Meeting of Shareholders in accordance with the retirement guideline for AIG Directors. However, following the resignation of Donald H. Layton from the Board due to his appointment as Chief Executive Officer of Federal Home Loan Mortgage Corporation (Freddie Mac) in May 2012 and Ms. Laurette T. Koellner’s resignation from the Board in connection with becoming Executive Chairman of International Lease Finance Corporation, a wholly owned subsidiary of AIG, in June 2012, the Board determined that it was in the best interests of AIG and its shareholders to ask Mr. Offit to rejoin the AIG Board and serve until the 2013 Annual Meeting of Shareholders, as permitted by AIG’s retirement guideline, in light of his knowledge of AIG’s businesses and affairs.
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