American International Group, Inc. (AIG) is in the market for a new chief financial officer (CFO), having appointed its current CFO to a new post.
AIG announced that Steven J. Bensinger, currently CFO and executive vice president, is now vice chairman of Financial Services. In his new role, Bensinger will be responsible for operations across AIG’s Financial Services businesses, which specialize in aircraft and equipment leasing, capital markets, consumer finance and insurance premium finance. He will also continue his involvement in AIG’s corporate strategy and corporate development activities.
AIG said a search is underway to identify Bensinger’s successor as CFO. He will continue in that role until the search is completed.
AIG also said it plans to create a chief administrative officer position to allow greater focus in both financial and administrative matters.
William N. Dooley, senior vice president of Financial Services, will continue to focus on AIG’s Financial Services businesses in his current position, reporting to Bensinger. Dooley will also continue as interim head of AIG Financial Products Corp. (AIGFP) until a successor is named.
Bensinger joined AIG as treasurer in October 2002. He was elected an AIG senior vice president and named treasurer and comptroller in January 2005. He was named executive vice president and CFO in March 2005.
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