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Corebridge Financial Announces Updates to Board of Directors

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Corebridge Financial (NYSE: CRBG) announced significant changes to its Board of Directors. Alan Colberg, who has served on the board since September 2022, will succeed Peter Zaffino as Board Chairman. Jon Gray will step down, while Gilles Dellaert, Global Head of Blackstone Credit and Insurance, joins the board.

Following Nippon Life Insurance Company's recent acquisition of a 21.6% equity stake in Corebridge from AIG, Minoru Kimura, Managing Executive Officer and Head of Global Business at Nippon Life, has been elected to the board. AIG executives Sabra Purtill and Mia Tarpey are also stepping down. These changes result in a board composition of 11 members.

Corebridge Financial (NYSE: CRBG) ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione. Alan Colberg, che è stato membro del consiglio da settembre 2022, succederà a Peter Zaffino come Presidente del Consiglio. Jon Gray si dimetterà, mentre Gilles Dellaert, Responsabile Globale di Blackstone Credit e Insurance, entrerà nel consiglio.

In seguito all'acquisizione recente da parte di Nippon Life Insurance Company di una partecipazione azionaria del 21,6% in Corebridge da AIG, Minoru Kimura, Direttore Esecutivo e Capo del Business Globale di Nippon Life, è stato eletto nel consiglio. I dirigenti di AIG Sabra Purtill e Mia Tarpey si dimetteranno anch'essi. Questi cambiamenti portano a una composizione del consiglio di 11 membri.

Corebridge Financial (NYSE: CRBG) anunció cambios significativos en su Junta Directiva. Alan Colberg, quien ha estado en la junta desde septiembre de 2022, sucederá a Peter Zaffino como Presidente de la Junta. Jon Gray renunciará, mientras que Gilles Dellaert, Jefe Global de Blackstone Credit y Seguros, se unirá a la junta.

Tras la reciente adquisición por parte de Nippon Life Insurance Company de una participación del 21.6% en Corebridge de AIG, Minoru Kimura, Director Ejecutivo y Jefe de Negocios Globales en Nippon Life, ha sido elegido para la junta. Los ejecutivos de AIG, Sabra Purtill y Mia Tarpey, también renunciarán. Estos cambios dan como resultado una composición de la junta de 11 miembros.

Corebridge Financial (NYSE: CRBG)는 이사회에 대한 중요한 변화를 발표했습니다. Alan Colberg는 2022년 9월부터 이사회에서 활동해왔으며, Peter Zaffino의 후임으로 이사회 의장이 됩니다. Jon Gray는 사임하고, Gilles Dellaert가 블랙스톤 신용 및 보험의 글로벌 책임자로 이사회에 합류합니다.

최근 Nippon Life Insurance Company가 AIG로부터 Corebridge의 21.6% 지분을 인수한 후, Minoru Kimura가 Nippon Life의 글로벌 비즈니스 담당 상무로 이사회에 선출되었습니다. AIG의 임원인 Sabra Purtill과 Mia Tarpey도 사임할 예정입니다. 이 변경으로 이사회 구성은 11명으로 이루어집니다.

Corebridge Financial (NYSE: CRBG) a annoncé d'importants changements au sein de son Conseil d'Administration. Alan Colberg, qui siège au conseil depuis septembre 2022, succédera à Peter Zaffino en tant que Président du Conseil. Jon Gray démissionnera, tandis que Gilles Dellaert, Responsable Mondial du Crédit et des Assurances chez Blackstone, rejoindra le conseil.

Suite à l'acquisition récente par Nippon Life Insurance Company d'une participation de 21,6 % dans Corebridge auprès d'AIG, Minoru Kimura, Directeur Exécutif et Responsable des Activités Mondiales chez Nippon Life, a été élu au conseil. Les dirigeants d'AIG, Sabra Purtill et Mia Tarpey, vont également démissionner. Ces changements aboutissent à une composition du conseil de 11 membres.

Corebridge Financial (NYSE: CRBG) hat bedeutende Änderungen in seinem Vorstand angekündigt. Alan Colberg, der seit September 2022 im Vorstand sitzt, wird Peter Zaffino als Vorstandsvorsitzender nachfolgen. Jon Gray wird zurücktreten, während Gilles Dellaert, Global Head von Blackstone Credit und Insurance, in den Vorstand eintritt.

Nach der kürzlichen Akquisition einer 21,6%igen Beteiligung an Corebridge durch die Nippon Life Insurance Company von AIG, wurde Minoru Kimura, geschäftsführender Executive Officer und Leiter des Global Business bei Nippon Life, in den Vorstand gewählt. Die AIG-Führungskräfte Sabra Purtill und Mia Tarpey werden ebenfalls zurücktreten. Diese Änderungen führen zu einer Zusammensetzung des Vorstands von 11 Mitgliedern.

Positive
  • Nippon Life Insurance Company's strategic investment acquiring 21.6% equity stake
  • Company reports strong financial performance and value generation since IPO
  • Board restructuring brings experienced leadership with Alan Colberg as new Chairman
Negative
  • None.

HOUSTON--(BUSINESS WIRE)-- Corebridge Financial, Inc. (NYSE: CRBG) today announced updates to its Board of Directors.

Peter Zaffino, Chairman & Chief Executive Officer of American International Group, Inc. (AIG), will step down as Chairman of the Board of Corebridge Financial after serving in this role since November 2021.

Alan Colberg has been elected to succeed Mr. Zaffino as Chair of the Board of Directors. Mr. Colberg has served on the Corebridge Financial Board of Directors since September 2022 and was appointed Lead Independent Director earlier this year. Mr. Colberg previously served as the Chief Executive Officer and Director of Assurant, Inc. from January 2015 until his retirement in January 2022.

In addition, Jon Gray, President and Chief Operating Officer of Blackstone Inc., will step down as a member of Corebridge Financial’s Board of Directors. Gilles Dellaert, Global Head of Blackstone Credit and Insurance (BXCI), has been appointed to Corebridge Financial’s Board of Directors. Prior to his current role, Mr. Dellaert served as the Global Head of Blackstone Insurance Solutions.

Following Nippon Life Insurance Company’s acquisition of a 21.6% equity interest in Corebridge Financial from AIG, which closed on December 9, 2024, Minoru Kimura has been elected to Corebridge Financial’s Board of Directors. Mr. Kimura currently serves as Managing Executive Officer and Head of Global Business at Nippon Life Insurance Company. In this role he oversees the management of all Nippon Life businesses outside of Japan.

"We welcome our newest Board members Minoru Kimura and Gilles Dellaert,” said Alan Colberg, Chair of the Board of Corebridge Financial. “Since its IPO, Corebridge has executed against its strategy, delivered strong financial performance and generated substantial value for shareholders. The company has built a strong foundation and remains well positioned to continue delivering for its customers, distribution partners and employees.”

AIG executives Sabra Purtill and Mia Tarpey are also stepping down from the Corebridge Financial Board. With these changes, the Corebridge Financial Board of Directors will consist of 11 members.

About Corebridge Financial

Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $410 billion in assets under management and administration as of September 30, 2024, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit corebridgefinancial.com and follow us on LinkedIn, YouTube and Instagram.

Işıl Müderrisoğlu (Investors): investorrelations@corebridgefinancial.com

Matt Ward (Media): media.contact@corebridgefinancial.com

Source: Corebridge Financial

FAQ

Who is the new Chairman of Corebridge Financial (CRBG)?

Alan Colberg has been elected as the new Chairman of Corebridge Financial's Board of Directors, succeeding Peter Zaffino.

What percentage stake did Nippon Life acquire in Corebridge Financial (CRBG)?

Nippon Life Insurance Company acquired a 21.6% equity interest in Corebridge Financial from AIG, with the transaction closing on December 9, 2024.

How many members are on the Corebridge Financial (CRBG) Board of Directors after the recent changes?

Following the recent changes, the Corebridge Financial Board of Directors consists of 11 members.

Corebridge Financial, Inc.

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