March 9, 2017 / 1:16 PM / 4 months ago

BRIEF-AIG CEO Peter Hancock to resign

1 Min Read

March 9 (Reuters) - American International Group Inc :

* AIG announces CEO transition plan

* Peter D. Hancock, president and chief executive officer, has informed board of directors of his intention to resign

* Hancock will remain as CEO until a successor has been named

* Board of directors will conduct a comprehensive search for a successor to Hancock

* Board remains committed to financial targets and objectives announced

* AIG'S Hancock says "without wholehearted shareholder support for my continued leadership", protracted period of uncertainty could undermine company's progress Source text for Eikon: Further company coverage:

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