The Board of Directors of American International Group, Inc. (AIG) met yesterday to discuss the company’s succession plans.

The meeting comes days after it was acknowledged that President and CEO Robert Benmosche was undergoing treatment for cancer.  While Benmosche is currently able to handle a full work schedule, the board did decide on an interim CEO to replace him should his condition worsen. "In the event that Bob would become unwilling or unable to continue to effectively serve in his current role, our Chairman, Steve Miller, would step in as interim CEO of AIG for as long as it takes to identify and select a long-term replacement for Bob,” the board said in a statement.

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