NU Online News Service, May 20, 10:11 a.m.EDT

American International Group announced that with governmentmonitors' approval it is reconfiguring its board with thenomination of six new members to give it a majority of newindependent directors.

The new independent director nominees have backgrounds asexecutives in a wide range of industries, including manufacturing,retailing, financial services and transportation. They will standfor election June 30 at the AIG annual shareholders meeting, thecompany said.

The six new nominees are Harvey Golub, Laurette T. Koellner,Christopher S. Lynch, Arthur C. Martinez, Robert S. (Steve) Millerand Douglas M. Steenland.

Edward M. Liddy, AIG's chairman and chief executive officer,said the selections were made by the AIG board "working closely"with the three trustees of the AIG Credit Facility Trust, theentity which has oversight of the government's 79.9 percent stockinterest in the company.

Adding the six new directors to the AIG board will help "AIGachieve its goals of maximizing the value of AIG's core businessesand repaying U.S. taxpayers. The AIG board will continue itscommitment to responsible governance practices and the protectionof the interests of shareholders, policyholders and otherstakeholders," said Mr. Liddy.

He called the director candidates "outstanding individuals withexcellent leadership and business backgrounds. The new candidateshave extensive experience with large, complex organizations and inthe areas of financial services, accounting and restructuring."

The new nominees are:

o Harvey Golub, 70, who was former chairman and CEO of AmericanExpress Company from 1993-2001. Prior to joining American Express,Mr. Golub was a senior partner with McKinsey & Co. He is thenon-executive chairman of Ripplewood Holdings, a private equityfirm based in New York.

o Laurette T. Koellner, 54, is a retired senior vice presidentof The Boeing Company and the retired president of BoeingInternational. Prior to that, she was president of Connexion byBoeing. She serves on numerous boards and is a member of theCouncil on Foreign Relations.

o Christopher S. Lynch, 51, is an independent consultantproviding a variety of services to financial intermediaries,including risk management, strategy, governance, financial andregulatory reporting, and troubled-asset management. He retiredfrom KPMG in 2007, where he held a variety of positions, includingNational Partner in Charge-Financial Services. He is a director ofthe Federal Home Loan Mortgage Corporation (Freddie Mac).

o Arthur C. Martinez, 69, is the former chairman, president andCEO of Sears, Roebuck and Co. He was chairman of the FederalReserve Bank of Chicago from 2000-2001 and director from1996-2002.

o Robert S. (Steve) Miller, 67, is Delphi Corporation executivechairman. He was previously Delphi chairman and CEO. Prior tojoining Delphi, Mr. Miller served as chairman of Federal-MogulInc., an auto parts supplier based in Southfield, Mich. Prior tothat, Mr. Miller served in a number of corporate restructuringsituations as CEO in a number of industries.

o Douglas M. Steenland, 57, served as Northwest AirlinesCorporation president and CEO from October 2004 until October 2008when Northwest Airlines and Delta Air Lines Inc. merged. Mr.Steenland served as president of Northwest Airlines from April 2001to October 2004.