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AIG Details Leadership Transfer | Business insurance



Brian Duperreault will resign his executive role at American International Group Inc. at the turn of the year but will continue in an advisory role, the insurer announced late Friday.

AIG had previously announced that Mr. Duperreault, which was brought in to turn the insurance company around in 2017, was to be succeeded as CEO by Peter Zaffino on March 1, and that Mr. Duperreault would become CEO. as CEO … until the end of operations on December 31, 2021, after which he will be employed by AIG providing assistance and advice to the extent requested by the CEO. ”

Mr. Zaffino, who previously worked with Mr. Duperreault on Marsh & McLennan Cos. Inc., joined AIG shortly after Mr. Duperreault. compensation, stock allotments and stock options, of $ 1

2.8 million in 2021 and $ 7.5 million in 2022, the application said.

Mr. Zaffino's target compensation for 2021 will amount to $ 17 million, according to the application.


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