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Article Excerpt
Byline: JUDY GREENWALD
American International Group Inc. faces yet another challenge as it seeks someone to succeed Edward M. Liddy as chief executive officer of the embattled company.
Finding the ideal candidate for that job may not be easy, analysts say. The new chief will have to work to keep the company stable while leading it through its dismantling, all the while facing ongoing public and government scrutiny.
AIG last week announced that Mr. Liddy, CEO and chairman, would step down as soon as his replacement is found. In addition, AIG said it would separate the CEO and chairman roles and would reconfigure its board so a majority of its members will be the six newly elected independent directors announced last week (see box, page 20). The search will be conducted by the new board and the federally appointed trustees of the AIG Credit Facility Trust.
"Working with the board, Mr. Liddy has determined that, coincident with the reconfiguration of the...
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