AIG CFO to Take Temporary Medical Leave of Absence

Rhea-AI Summary

American International Group (AIG) announced that Shane Fitzsimons, Chief Financial Officer, is taking a temporary medical leave of absence effective immediately. Mark Lyons, former CFO, has been appointed as the Interim CFO while retaining his role as Executive Vice President, Global Chief Actuary, and Head of Portfolio Management. AIG is a major global insurance organization offering a variety of insurance and financial services in approximately 70 countries.

Positive

• Mark Lyons has experience as former CFO, ensuring continuity in leadership.

Negative

• The sudden leave of the CFO may raise concerns about leadership stability.

NEW YORK--(BUSINESS WIRE)-- American International Group (NYSE: AIG) today announced that Shane Fitzsimons, Executive Vice President and Chief Financial Officer, AIG, will take a temporary medical leave of absence, effective immediately.

Mark Lyons, who previously served as AIG’s Chief Financial Officer, has been appointed Interim CFO in addition to his role as Executive Vice President, Global Chief Actuary and Head of Portfolio Management.

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide property-casualty, life and retirement and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230110006000/en/

Quentin McMillan (Investors): quentin.mcmillan@aig.com

Dana Ripley (Media): dana.ripley@aig.com

Source: American International Group

FAQ

Who is the new CFO of AIG after Shane Fitzsimons' leave?

Mark Lyons has been appointed as the Interim CFO of AIG.

What happened to AIG's CFO Shane Fitzsimons?

Shane Fitzsimons has taken a temporary medical leave of absence.

What impact does the CFO leave have on AIG's operations?

The temporary leave of the CFO may raise concerns about leadership stability but Mark Lyons' experience should help maintain continuity.

Is AIG's stock affected by the CFO's temporary leave?

While the immediate impact on AIG's stock is uncertain, leadership changes can often affect investor confidence.