AIG CEO to step down

AIG chairman and chief executive Edward Liddy is to step down once the US insurance giant's board of directors finds a replacement, it was announced today.

AIG CEO to step down
Fri, 22 May, 2009 - 09:06

AIG chairman and chief executive Edward Liddy is to step down once the US insurance giant's board of directors finds a replacement, it was announced today.

Liddy, who serves as both chairman and CEO, was appointed by the US Federal Reserve to head the company in September, after the troubled insurer received billions of dollars in federal aid.

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