AIG's interim CFO violated confidentiality agreements, insurer says
American International Group Inc. (AIG) said late Monday it ended the employment of interim Chief Financial Officer Mark Lyons, who was also AIG's chief actuary, after the company became aware that Lyons "violated his confidentiality/non-disclosure obligations," The violations were unrelated to AIG's financial statements, financial reporting generally and related disclosure controls and procedures, or reserves, the insurer said, without elaborating further. AIG entered into a settlement agreement with Lyons, it said. The company named Sabra Purtill its interim CFO, and Turab Hussain as interim chief actuary. Lyons became interim CFO earlier this month after AIG said CFO Shane Fitzsimons was taking a temporary medical leave Shares of AIG dropped 0.1% in the extended session after ending the regular trading day down 0.3%.
-Claudia Assis
(END) Dow Jones Newswires
January 30, 2023 17:23 ET (22:23 GMT)
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