AIG’s Ex-CFO Herzog Joins MetLife Board

MetLife. Inc. announced that David L. Herzog has been elected to its board of directors, effective immediately.

Herzog most recently served as executive vice president and chief financial officer of American International Group (AIG). Herzog had been CFO since late 2008 and helped the insurer recover from its bailout earlier that year.

Herzog joined American General Corp. in 2000 as executive vice president and chief financial officer of the life division. Following AIG’s acquisition of American General in 2001, he was also named chief operating officer and chief financial officer for the combined domestic life insurance companies. After that, he held various executive positions including vice president, Life Insurance; vice president and chief financial officer, Global Life Insurance; and comptroller.

Prior to joining American General, Herzog served as chief financial officer of GenAmerica Corp., as controller at Family Guardian Life, and as an audit supervisor with Coopers & Lybrand.

Herzog departed AIG last December when AIG CEO Peter Hancock shook up the management team.

Herzog is currently a director on the board of AMBAC Financial Group. He previously was a member of the Federal Advisory Committee on Insurance, which provides advice and recommendations directly to the Federal Insurance Office. Herzog has also served on the boards of AERCAP Holdings NV and International Lease Finance Corp., as well as other insurance subsidiary boards.
With the addition of Herzog, the MetLife board is now comprised of 13 directors, 12 of whom are independent.