Getting your player ready...
NEW YORK — American International Group on Thursday said chairman and chief executive Edward Liddy plans to step down when a search for replacements is complete.
The company also said its board agreed with a recommendation that Liddy, who took over the insurer in September, separate the chairman and CEO roles. Liddy took over Sept. 18 as part of the federal bailout.
AIG will start a search for permanent leadership after the company’s annual shareholder meeting June 30, when investors vote on a slate of six new independent directors.
