American International Group, clinical personnel to the earthquake revocation CEO

According to "Financial Times" 06月16 published jointly signed for the Inguri Guerleila and Mike McIntosh for the article said, American International Group (AIG) will use the current Chairman of the Board of Bao Bowei Kornblum Situo De much to replace the current plight of the CEO Martin Sullivan, in order to end the group now faces the history of the 89 most serious times of crisis.


According to informed sources revealed on Sunday, American International Group, held an emergency board of directors has decided that the end of Sullivan International Group in the United States in the three-year term. At present, the Group had a loss due to the credit investigation and other factors and institutions are facing major crisis.


American International Group, the Board also decided that in 2003 served as Citigroup executives, AIG current Chairman of the Board of Wei Lumu Situo De will replace Sullivan as the new chief executive officer, and former CEO of Hilton history Difenbolun Marchi will serve as the new Chairman of the Board.


Sullivan at the time that the 17-year-old joined American International Group, then the insurance clerk. According to relevant provisions of the contract, which may be in the "resignation" in access to 35 million U.S. dollars over the "dismissal of charges."


Currently, American International Group, refused to comment on the matter.


It is understood American International Group, said the board decision-making, as the group's huge loan losses and the shareholders of the growing discontent, Sullivan was therefore step down.


American International Group, the board initially supported Sullivan has been spent on loan-to-crisis. Just last month, Wei Lumu Situo De also claimed that Sullivan is leading the American International Group, out of the crisis the "fit and proper person." However, following the group of three major directors again criticized the senior management staff and called for replacement of the Group of officials after last weekend between the directors of the group have also strengthened the discussion on the matter.


Just last week, American International Group, former directors , Legg Mason fund manager Bill Miller and another fund manager Shelby Davis co-wrote a letter to the board of American International Group, called for the establishment survey Committee to determine the new management and recruitment of a new CEO. At the same time, the three directors of the American International Group, in the holding of more than 100 million shares, or about all the outstanding shares of around 4 percent.


Sullivan will be the departure of American International Group, the former chairman of the board and chief executive officer of the victory Hank Greenberg, who since 2005 after leaving the group has been to launch an attack on American International Group. As the only group the largest shareholder, Greenberg has repeatedly attacked Sullivan and the management of other staff, claimed that American International Group, is a serious financial crisis and the lack of a clear strategy.