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AIG lures industry veteran Duperreault as CEO with sweet package

Reuters  |  NEW YORK 

By Suzanne BarlynNEW YORK (Reuters) - American International Group Inc on Monday named an insurance industry veteran as its new chief executive officer, luring him from the firm he started with a lucrative financial package that includes buying a big piece of his company.In hiring Brian Duperreault, who is 70, AIG is giving into the demands of billionaire investor Carl Icahn, AIG's fourth largest shareholder, who has been pushing for changes at the insurer.Duperreault's appointment caps more than two months of uncertainty for shareholders after outgoing CEO Peter Hancock announced in March ...

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First Published: Tue, May 16 2017. 00:56 IST