NEW YORK CITY (dpa-AFX) - American International Group, Inc. (AIG) announced that, due to his appointment as Chief Executive Officer of Freddie Mac, Donald Layton had submitted his resignation from the Board of Directors of the company to be effective as of the commencement of AIG's 2012 Annual Meeting of Shareholders on May 16, 2012.
The company said in light of Layton's resignation, its board currently expects to add a Director. A candidate that the Board is considering is Morris Offit.
While Offit is retiring as a Director of AIG at this year's Annual Meeting in accordance with the retirement guideline for AIG Directors, it may be in the best interests of AIG and its shareholders to ask Offit to serve an additional year, as permitted by the retirement guideline, in light of his knowledge of AIG's businesses and affairs, AIG said.
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