NEW YORK CITY (dpa-AFX) - American International Group Inc. (AIG) announced Thursday that Douglas Steenland will succeed Robert Miller as non-executive Chairman of the AIG Board of Directors, effective July 1, 2015.
Miller has served as Chairman of the AIG Board since July 2010. AIG's Corporate Governance Guidelines provide that generally an individual should not serve in that role for more than five years. Both Steenland and Miller are standing for re-election at AIG's upcoming annual meeting on May 13, 2015.
Steenland and Miller joined the AIG Board at the same time, in June 2010. Steenland is currently Chairman of the Board's Regulatory, Compliance and Public Policy Committee, and a member of the Board's Risk and Capital Committee.
Steenland is the former Chief Executive Officer of Northwest Airlines Corporation, serving from 2004 to 2008, and President, serving from 2001 to 2004. Before that, he served in a number of Northwest Airlines executive positions after joining Northwest Airlines in 1991, including Executive Vice President, Chief Corporate Officer, and Senior Vice President and General Counsel. Steenland retired from Northwest Airlines upon its merger with Delta Air Lines Inc.
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