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NEW YORK, Jun 21, 2012 (BUSINESS WIRE) --
American International Group, Inc.
(NYSE:AIG)
today named Laurette T.
Koellner to the newly created role of Executive Chairman of
International Lease Finance Corporation (ILFC). In this role, Ms.
Koellner becomes the most senior executive officer of ILFC and reports
to Robert H. Benmosche, AIG President and Chief Executive Officer. Henri
Courpron, ILFC's Chief Executive Officer, now reports to Ms. Koellner.
The appointment of Ms. Koellner, who has been serving as an independent
director of AIG since June 2009, adds decades of aviation industry and
broad management experience to the ILFC management team. In her last
executive role, Ms. Koellner served as President of Boeing
International, a division of The Boeing Company, where she served in a
variety of financial and business leadership roles from 1997 until 2008,
including as a member of the Office of the Chairman and Boeing's Chief
Administration and Human Resources Officer. Before that, Ms. Koellner
spent 19 years at McDonnell Douglas Corp. In her new role as Executive
Chairman of ILFC, Ms. Koellner no longer meets the AIG Board of
Directors' requirements for independence and is stepping down as a
member of the AIG Board.
Ms. Koellner's appointment follows a review begun when AIG received an
anonymous complaint alleging the existence of a personal relationship
between Mr. Courpron and an ILFC employee under his supervision. In the
course of AIG's review, Mr. Courpron and the employee each acknowledged
that they had engaged in a voluntary relationship that had ended. The
complaint further alleged that the relationship resulted in improper use
of company assets and inappropriate personnel decisions. AIG, with the
assistance of outside counsel, found these allegations to be
unsubstantiated.
At the conclusion of the review, AIG assessed Mr. Courpron's conduct as
contrary to AIG's expectations of its officers. Accordingly, AIG
established an office of Executive Chairman at ILFC and reduced Mr.
Courpron's annual compensation by $1 million.
"I apologize for my mistake and the time-consuming distractions it
created," Mr. Courpron said. "I am committed to keep moving forward with
the ILFC team and Laurette."
"We have taken the right steps to affirm AIG's and ILFC's commitment to
sound conduct in the workplace," Ms. Koellner said. "The Board, Bob, and
I are confident in Henri's leadership at ILFC, and we will work together
to assure that ILFC continues to build on its momentum as the largest
independent aircraft lessor in the industry."
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries. AIG
companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide 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.
SOURCE: American International Group, Inc.
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