David L. Herzog has been named Executive Vice President and Chief Financial Officer of New York-based American International Group, Inc. (AIG). Herzog will assume responsibilities for financial operations across all AIG business units, reporting to Edward Liddy, Chairman and Chief Executive Officer of AIG.
Herzog will also assume a central role in overseeing AIG's plan to address its capital structure and pay down the credit facility from the Federal Reserve Bank of New York. In addition, he will work closely with AIG's Chief Administrative Officer in an enterprise-wide review of expenses and practices.
Steven J. Bensinger, who had served since May as Vice Chairman-Financial Services and acting Chief Financial Officer, has left AIG to pursue other opportunities.
Herzog has served as AIG Senior Vice President and Comptroller since June 2005. He joined AIG in February 2000 and, following the AIG acquisition of American General in 2001, was named Chief Operating Officer for the combined domestic life insurance companies. Herzog was elected AIG Vice President, Life Insurance in 2003 and in 2004 was named Chief Financial Officer of AIG's Worldwide Life Insurance operations.
Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio