AIG Chief Executive Benmosche May Keep Position Beyond Next Year
Benmosche, 67, has said he’d like to remain CEO past next year, according to an e-mailed statement today from Mark Herr, a spokesman for the New York-based insurer. Benmosche took the CEO post in 2009 and had previously said he planned to complete three years on the job.
“He has said he would like to, health-willing, continue to lead AIG past 2012,” Herr said. The Wall Street Journal reported earlier on Benmosche’s plans.
Benmosche said in an interview earlier this year that his health was “OK” and he continued to exercise. AIG said last year that Chairman Steve Miller is available to be CEO if Benmosche stepped down before a permanent successor is named.
AIG received a government bailout in 2008 that swelled to $182.3 billion. It repaid the remaining $21 billion on its Fed credit line in January and has a stake in Fed-controlled vehicles that took over mortgage-related assets after the bailout. The U.S. Treasury Department holds 77 percent of the company’s shares and is seeking to wind down the stake.
“I would like to see all the Treasury stocks sold and to feel comfortable that we have a sustainable organization and leadership team, that AIG if it hits some new bumps in the road will not have a problem,” Benmosche said in the April interview.
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