American International Group Inc. made it official with an announcement today that Eric Anderson will become president and CEO on June 1.
Most recently a member of Aon Plc’s executive committee, Anderson will succeed current AIG CEO Peter Zaffino, who will become executive chair of the company’s board of directors.
AIG previously announced the succession plan in January. Anderson joined AIG in February. The announcement on April 27 marked the “successful conclusion” of the plan, AIG said. The company provided no explanation for the transition.
Zaffino took over as CEO of AIG in March 2021, succeeding Brian Duperreault.
“Serving as chairman and CEO of AIG has been an immense privilege, and I am very proud of the many milestones we achieved as a company during that period,” Zaffino said in a statement.
John Rice, speaking on behalf of the board as lead independent director, offered his “deepest appreciation” to Zaffino for his “extraordinary leadership of AIG.”
“During Peter’s tenure, AIG completed an unprecedented transformation and is now recognized once again as a leading global company with tremendous momentum and future opportunities,” Rice added.
Related: AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’
Anderson was at Aon for nearly 30 years, holding senior positions such as president and CEO of Aon Benfield and CEO of Aon Risk Solutions Americas.
“Since joining AIG in February as president and CEO-elect, I have had the opportunity to engage with our valued clients and stakeholders around the world,” Anderson said. “These conversations have further reinforced my excitement in working alongside our talented colleagues to build on AIG’s strong momentum and deliver on the strategic priorities the company announced at our 2025 Investor Day.”
AIG said the pair will speak about the CEO transition during the company’s first quarter 2026 earnings conference call on May 1.
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