ILFC Executive Chairman Koellner to Depart After AIG Sells Unit

Laurette Koellner, the executive chairman of American International Group Inc. (AIG)’s plane-leasing business, will step down once AIG’s sale of the unit is approved, a spokesman said.

Koellner, 58, was named executive chairman of New York- based AIG’s International Lease Finance Corp. in June after Chief Executive Officer Henri Courpron was investigated over a relationship with an employee. Courpron, 49, and other ILFC executives will remain at the firm, Paul Thibeau, the ILFC spokesman, said in an e-mail.

Koellner’s planned departure was reported earlier today by Dow Jones.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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