AIG CEO Zaffino to step down and transition to executive chair

 

Jan 6 (Reuters) – American International Group said on Tuesday CEO Peter Zaffino will step down by mid-year and move into the role of executive chair of the board.

It named insurance industry veteran Eric Andersen as its new president and CEO-elect to replace Zaffino, effective February 16.

Andersen most recently served as a member of Aon’s executive committee and as a strategic advisor to the company’s president and CEO.

(Reporting by Manya Saini in Bengaluru; Editing by Shreya Biswas and Shinjini Ganguli)

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