Edward Liddy, the government-appointed chairman and chief executive of AIG, is to leave the stricken insurer after only eight months in a move that will allow the Obama administration to choose its own leaders for the troubled insurer. The AIG board, now controlled by government appointees, said it would split the role of chairman and chief executive and consider external and internal candidates. Liddy, appointed by the Bush administration last September, will leave as soon as replacements for the two jobs were found. See Liddy’s resignation letter here.

This entry was posted by Gwen Robinson on Friday, May 22nd, 2009 at 5:03 and is filed under People. Tagged with aig, Edward Liddy. Edit this entry.