AIG CEO Zaffino Steps Down to Executive Chair Role, Aon’s Andersen Takes Over
In a significant leadership change, American International Group (AIG) announced on Tuesday that CEO Peter Zaffino will step down by mid-year. He will transition to the role of executive chair of the board, marking a new chapter in his career.
To fill the vacancy left by Zaffino, AIG has appointed Eric Andersen as its new president and CEO-elect. This transition will take effect on February 16, positioning Andersen to lead the company into its next phase.
Eric Andersen brings a wealth of experience to his new role. He most recently served as a member of Aon’s executive committee, where he played a crucial role in shaping the company’s strategic direction. Additionally, he acted as a strategic adviser to Aon’s president and CEO, further solidifying his expertise in the insurance sector.
This leadership transition comes at a pivotal time for AIG, as the company seeks to navigate the complexities of the insurance market and enhance its operational efficiency. With Andersen at the helm, stakeholders are optimistic about the future direction of the company.
(Reporting by Manya Saini in Bengaluru; editing by Shreya Biswas and Shinjini Ganguli)
In a significant leadership change, American International Group (AIG) announced on Tuesday that CEO Peter Zaffino will step down by mid-year. He will transition to the role of executive chair of the board, marking a new chapter in his career.
To fill the vacancy left by Zaffino, AIG has appointed Eric Andersen as its new president and CEO-elect. This transition will take effect on February 16, positioning Andersen to lead the company into its next phase.
Eric Andersen brings a wealth of experience to his new role. He most recently served as a member of Aon’s executive committee, where he played a crucial role in shaping the company’s strategic direction. Additionally, he acted as a strategic adviser to Aon’s president and CEO, further solidifying his expertise in the insurance sector.
This leadership transition comes at a pivotal time for AIG, as the company seeks to navigate the complexities of the insurance market and enhance its operational efficiency. With Andersen at the helm, stakeholders are optimistic about the future direction of the company.
(Reporting by Manya Saini in Bengaluru; editing by Shreya Biswas and Shinjini Ganguli)
