American International Group Inc. discusses the arrival of Edward Liddy and the departure of Robert Willumstad in a report filed with the U.S. Securities and Exchange Commission.
The AIG board elected Liddy to be chairman, chief executive officer and a director Sept. 18, and Willumstad resigned from his posts as chairman and a director at the same time, AIG says in the filing.
Willumstad’s employment as CEO was terminated without cause, AIG says.