AIG plans to name Brian Duperreault CEO: WSJ

[May 11, 2017]  (Reuters) - American International Group is planning to name former company executive Brian Duperreault as its new chief executive, the Wall Street Journal reported late on Wednesday.

Duperreault and AIG are working out the final details of his employment contract,‎ and an announcement could come as early as Thursday, the Journal reported, citing people familiar with the matter.

Duperreault is currently the head of Hamilton Insurance Group.

Hamilton Insurance Group did not respond to a Reuters request for comment outside regular business hours. AIG spokesman Jon Diat declined to comment.

AIG's current CEO Peter Hancock said in March he would step down, a decision taken after the insurer's poor financial performance frustrated shareholders and the board of directors.

Billionaire activist investor Carl Icahn, AIG's fourth-largest shareholder, had cheered Hancock's departure.

Hancock was to remain CEO until AIG named a successor, but the insurer did not reveal who would succeed him.

(Reporting by Sangameswaran S and Nikhil Subba in Bengaluru; Editing by Sunil Nair and Sai Sachin Ravikumar)

[© 2017 Thomson Reuters. All rights reserved.]

Copyright 2017 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.