Summary
AMERICAN INTERNATIONAL GROUP, INC. (AIG) filed an 8-K on January 10, 2023, to announce a key executive change. Shane Fitzsimons, the Chief Financial Officer (CFO), has commenced a temporary medical leave of absence, effective immediately. This transition necessitates a leadership adjustment within the finance department. Mark D. Lyons, who previously held the CFO role from December 2018 to December 2021, has been appointed as the Interim CFO. Mr. Lyons will concurrently manage his existing responsibilities as Executive Vice President, Global Chief Actuary, and Head of Portfolio Management. This appointment is intended to ensure continuity in financial operations during Mr. Fitzsimons' absence. The company has provided a press release, attached as an exhibit, further detailing this development.
Key Highlights
- 1Chief Financial Officer (CFO), Shane Fitzsimons, is taking a temporary medical leave of absence.
- 2Mark D. Lyons appointed as Interim CFO, effective January 10, 2023.
- 3Mr. Lyons previously served as AIG's CFO from December 2018 to December 2021.
- 4Mr. Lyons will continue to serve in his current roles as EVP, Global Chief Actuary, and Head of Portfolio Management.
- 5The company aims to ensure continuity in financial leadership during the CFO's leave.
- 6A press release dated January 10, 2023, is attached as an exhibit to the filing.