AIG taps former MetLife chief Benmosche to be CEO

[Heidi]

Source: Reuters

Mon Aug 3, 2009 11:39pm EDT

NEW YORK (Reuters) - American International Group Inc said it had tapped former MetLife chief Robert Benmosche to be its new CEO, effective next Monday.

Benmosche, 65, succeeds Edward Liddy, who is retiring as CEO and chairman effective August 10 after 11 months on the job.

AIG has not named a new chairman, but it is likely to do so soon, and it is expected to tap one of its newest directors for the role, a person familiar with developments said on Monday.

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Benmosche has signed up for one of the most unenviable positions in corporate America. Liddy, who took the job for $1 a year, has been repeatedly upbraided by lawmakers angered by bonuses the insurer paid and concerns that it would not repay bailout money it received from the U.S. government.


Read more: http://www.reuters.com/article/newsOne/idUSTRE5723P920090803

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