8-KLeadership ChangesExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Oct 27, 2021)

Filed October 27, 2021For Securities:AIG

Summary

American International Group, Inc. (AIG) filed an 8-K on October 27, 2021, to report significant leadership changes within its finance and actuarial functions. Effective January 1, 2022, Shane Fitzsimons will transition from his role as Executive Vice President and Chief Administrative Officer to become the new Executive Vice President and Chief Financial Officer (CFO). This appointment follows Mr. Fitzsimons' tenure in various senior financial leadership roles at AIG since joining in 2019 and a lengthy career at GE. He succeeds Mark Lyons, who will move to a new position as Executive Vice President, Global Chief Actuary and Head of Portfolio Management, also effective January 1, 2022. Additionally, Elias Habayeb has been appointed Chief Financial Officer for AIG’s Life and Retirement business, effective immediately, and will continue as AIG’s principal accounting officer until February 2022. These executive transitions signal a planned succession and restructuring within key financial and actuarial leadership at AIG, which investors should monitor for continuity and future strategic direction.

Key Highlights

  • 1Shane Fitzsimons appointed as new Executive Vice President and Chief Financial Officer (CFO), effective January 1, 2022.
  • 2Mark Lyons will transition from CFO to Executive Vice President, Global Chief Actuary and Head of Portfolio Management, effective January 1, 2022.
  • 3Elias Habayeb named Chief Financial Officer for AIG’s Life and Retirement business.
  • 4Mr. Habayeb will continue as principal accounting officer through February 2022.
  • 5Mr. Fitzsimons brings extensive financial leadership experience from AIG and previously from GE, including roles in FP&A and international finance.
  • 6The filing confirms no undisclosed arrangements or material interests for Mr. Fitzsimons in connection with his appointment.

Frequently Asked Questions

Shane Fitzsimons has been appointed as the new Executive Vice President and Chief Financial Officer (CFO) of AIG, effective January 1, 2022. He currently serves as Executive Vice President and Chief Administrative Officer.

Mark Lyons, the current CFO, will move to the role of Executive Vice President, Global Chief Actuary and Head of Portfolio Management, also effective January 1, 2022.

These changes represent a planned succession and restructuring within AIG's senior finance and actuarial leadership. Investors will likely monitor the transition for continuity in financial strategy and operations under Mr. Fitzsimons, as well as the strategic focus Mr. Lyons will bring to his new role in portfolio management and actuarial functions.

Yes, Elias Habayeb has been named Chief Financial Officer for AIG’s Life and Retirement business. He will continue to serve as AIG’s principal accounting officer through February 2022.