American International Group, Inc. (AIG) announced that Brian T. Schreiber will assume the newly created role of Executive Vice President and Chief Strategy Officer. Mr. Schreiber, who has served in various senior roles over the course of his 18-year career at AIG, will report to Peter D. Hancock, President and Chief Executive Officer of AIG. Mr. Schreiber will join AIG's Operating Committee and chair its Strategy Committee.As Chief Strategy Officer, Mr. Schreiber will oversee AIG's global strategic planning efforts; M&A and divestitures; and Communications, which includes corporate marketing, brand, external and internal communications, digital media, and philanthropy and volunteerism; he also will share responsibility for Investor Relations with David Herzog, AIG's Chief Financial Officer.
Mr. Schreiber will lead AIG's efforts to identify, and execute on, value-maximizing growth opportunities, rationalize the company's portfolio of businesses, and determine capital allocation. In addition, Mr. Schreiber will ensure that AIG communicates credibly and effectively as the company continues to strive to advance trust and confidence among its many stakeholders, both internal and external.
"Brian, in both operating and transactional roles, has demonstrated seasoned leadership in the best and worst of times for our company," Mr. Hancock said. "His broad scope of expertise and deep understanding of the company will be enormously valuable in helping us shape our path and manage future challenges."
Most recently, Mr. Schreiber served as Deputy Chief Investment Officer, which included managing a $200 billion asset portfolio. He also served as Treasurer and as Head of Strategic Planning, managing many of AIG's major acquisitions, as well as acting as a key member of the team that designed and executed AIG's restructuring plan to successfully repay America plus a combined positive return of nearly $23 billion.
American International Group, Inc. is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.