🔁 Peter Zaffino will transition from CEO to Executive Chair and retire as CEO by mid-2026; Eric Andersen…

🔁 Peter Zaffino will transition from CEO to Executive Chair and retire as CEO by mid-2026; Eric Andersen (ex-President of Aon) joins as President & CEO Elect effective Feb 16, 2026 and is expected to succeed and join the Board after June 1, 2026. $AIG #CEO #Succession

AIG amends Zaffino’s pay: 2026 target direct comp as Chairman & CEO $25M (salary $1.5M; STI $6M; LTI $17.5M — 75% PSUs/25% options). As Executive Chair target = $15M. 12‑month post-employment non‑compete; transition not a “Good Reason.” 🧾 $AIG #Compensation #CorpGov

Andersen’s package: initial 2026 target comp $14M (salary $1.25M; STI $3.25M; 2026 LTI $9.5M); as CEO target rises to $18M in 2027. He’ll get $12.5M RSUs vesting 100% in 3 yrs to offset forfeited awards. All incentives subject to clawbacks. 💼 #Insurance #Succession