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StocksUpdated×2•Originally published 27 April 2026•Updated 27 April 2026•

1 min read

AIG Names Eric Andersen as CEO Effective June 2026 in Leadership Succession Plan

Key Facts

1AIG Board announced Eric Andersen will become President and CEO and join the Board effective June 1, 2026.

2Current CEO Peter Zaffino will transition to the role of Executive Chair of the AIG Board on the same date.

American International Group (AIG) has finalized its long-term leadership succession plan, originally revealed in January, naming Eric Andersen as the future CEO effective June 1, 2026. Andersen, who joined AIG in February from Aon Plc, has already been appointed to the board to ensure a seamless transition. On the same date, current CEO Peter Zaffino, who has led the company since March 2021, will transition to the role of Executive Chair. Despite the structured transition, TipRanks analysts maintain a 'Neutral' rating on AIG stock, citing choppy income statement trends. This strategic move is designed to maintain management continuity and institutional stability over the coming years. The long lead time for the transition is viewed by market observers as a measure to mitigate volatility and provide clarity to shareholders.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Added historical context regarding the current CEO's tenure, the successor's professional background at Aon Plc, and the original timeline of the succession announcement.

Version 1about 1 month ago

What changed: The story was updated to include Eric Andersen's appointment to the board of directors and the inclusion of the current 'Neutral' analyst rating from TipRanks.