AIG chairman Golub resigns
American International Group named director Robert “Steve” Miller as its new chairman, after Harvey Golub resigned amid tensions with chief executive Robert Benmosche.
Benmosche told the board that he “believes our working relationship as chairman and CEO to be ineffective and unsustainable,” Golub wrote in a letter to AIG director George Miles.
“I’m resigning for the simple reason I believe it is easier to replace a chairman than a CEO.”
Miller, 68, was elected to the board in June last year, and is chairman of MidOcean Partners.