American General Chairman Left Quit of Lineup After Merger.American General Corp. Chairman Robert M. Devlin is not among the executives selected to Join the management lineup after American General and American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. merge. Maurice R. Greenberg Maurice R. "Hank" Greenberg (born May 4, 1925 in New York City) is an American businessman and former chairman and CEO of American International Group (AIG), the world's largest insurance and financial services corporation. He is currently chairman and CEO of C.V. , 75, AIG's chairman and chief executive officer, will be chairman of American General as well, AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group said in a statement, adding only that Devlin "has decided to resign." Devlin, 60, will act as a consultant to AIG, the statement said. The terse announcement runs counter to comments made in a May conference call, when Greenberg said Devlin would be appointed to the board of AIG and would be named vice chairman. Greenberg said at the time that Devlin would remain CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American General and run the unit's consumer-finance business. Under the merger plan, American General is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AIG. The domestic life insurance businesses of the two companies will be combined under American General and will be led by Rodney O. Martin Jr., formerly senior vice chairman of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. for American General. Martin is now president and CEO of American General, reporting to Greenberg. Martin will work with Edmund Tse, AIG's senior vice chairman for life insurance. American General Retirement Services will be combined with SunAmerica Inc. to form an asset-accumulation franchise under the direction of John A. Graf, formerly senior vice chairman of asset accumulation for American General. American General Finance will become part of AIG's Financial Services Group. Frederick W. Geissinger, vice chairman of consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. for American General, will report to William N. Dooley, AIG's senior vice president of financial services. American General Investment Management will become part of AIG Global Investment Group Inc. Richard W. Scott, formerly vice chairman of investment management for American General, will join MG Global Investment Corp. as senior managing director and head of U.S. fixed income, reporting to Win J. Neuger, AIG's senior vice president and chief investment officer. |
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