AIG Names Reynolds Vice Chairman/Chief Restructuring Officer; Booth Vice Chairman, Transition Planning and Chief Administrative Officer

American International Group, Inc. (AIG) has named Paula Rosput Reynolds, former Chairman, President and Chief Executive Officer of Safeco Corporation, as Vice Chairman and Chief Restructuring Officer. In this new position, Ms. Reynolds will oversee AIG's divestiture of assets and will serve as chief liaison with the Federal Reserve Bank of New York. She reports to AIG Chairman and Chief Executive Officer Edward M. Liddy.

Also, Richard H. Booth, previously AIG Senior Vice President and Chief Administrative Officer, has been named Vice Chairman, Transition Planning, and Chief Administrative Officer. Booth will be responsible for restructuring AIG's corporate center, overseeing the separation of companies being sold by AIG and executing AIG's operational transition to its new organizational structure. Booth will continue with his current responsibilities including AIG's global operations and systems, corporate administration, corporate research and development, and a variety of special projects. He will also continue to serve as Chairman of HSB Group, Inc. (HSB) until it is sold. Booth also reports to Liddy.

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