American International Group says Peter D. Hancock will become president and CEO effective Sept. 1, succeeding Robert H. Benmosche.
The company says Benmosche is expected to resign from the AIG board of directors and assume “an advisory role at AIG,” which includes advising the next CEO and staying involved in “AIG's internal leadership development programs, as well as mentor and coach AIG managers.”
Hancock, currently AIG executive vice president, AIG, and CEO of AIG Property Casualty, will join the board on Sept. 1.
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