AIG ELECTS STEPHEN F. BOLLENBACH TO BOARD OF DIRECTORSPDF Version
NEW YORK--Jan. 16, 2008--The Board of Directors
of American International Group, Inc. (AIG) today elected Stephen F.
Bollenbach a Director.
Mr. Bollenbach, 65, recently retired as Co-Chairman and Chief
Executive Officer of Hilton Hotels Corporation, where he had served as
Co-Chairman from 2004 and CEO from 1996. Under his leadership, Hilton
Hotels Corporation became the world's largest hotel company.
Prior to joining Hilton Hotels Corporation, Mr. Bollenbach was
Senior Executive Vice President and Chief Financial Officer for The
Walt Disney Company, where he was instrumental in the execution of its
acquisition of Capital Cities/ABC. He had previously served as
President and Chief Executive Officer of Host Marriott Corporation,
and before that, as Chief Financial Officer of Marriott Corporation.
Prior to that, he was Chief Financial Officer of the Trump
Organization. He had earlier served as Chief Financial Officer and a
member of the Board of Directors of Holiday Corporation, and Chairman
and Chief Executive Officer of Southwest Savings and Loan Association.
From 1968 until 1980 Mr. Bollenbach held a series of financial
management positions with the Ludwig Group.
Mr. Bollenbach is Chairman of the Board of KB Home and a Director
of Harrah's Entertainment, Inc., Time Warner Inc. and Macy's, Inc. He
also serves as a member of the Board of Directors of Teach for America
and Los Angeles World Affairs Council. He is a graduate of Long Beach
City College, and holds a bachelor's degree in finance from UCLA and a
master's degree in management from California State University,
Commenting on Mr. Bollenbach's election, Robert B. Willumstad,
Chairman of AIG's Board of Directors, said, "The management and
financial expertise Stephen Bollenbach has developed during his
distinguished career will be of great benefit to the Board. We look
forward to his counsel."
Martin J. Sullivan, AIG President and Chief Executive Officer,
added, "I am delighted that Stephen Bollenbach has joined our Board.
Few business leaders have his experience in managing complex global
businesses. We know he will provide valuable insights as AIG continues
to build its franchise around the world."
American International Group, Inc. (AIG), a world leader in
insurance and financial services, is the leading international
insurance organization with operations in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional and
individual customers through the most extensive worldwide
property-casualty and life insurance networks of any insurer. In
addition, AIG companies are leading providers of retirement services,
financial services and asset management around the world. AIG's common
stock is listed on the New York Stock Exchange, as well as the stock
exchanges in Paris, Switzerland and Tokyo.
American International Group, Inc.
Charlene Hamrah, 212-770-7074
Chris Winans, 212-770-7083