New York — The board of directors of American International Group Inc. (AIG) has elected Dennis Dammerman a director.

Dammerman is currently chairman of the board of directors of Discover Financial Services, lead director of Capmark Financial Group Inc. and a director of BlackRock Inc. He retired in 2005 as GE vice chairman of the board and executive officer, and a member of the Corporate Executive Office.

Dammerman’s retirement followed a 38-year career at GE. He had served on the GE board of directors since 1994, as chairman and CEO of GE Capital Services since 1998, and as a director of GE Capital Services for 16 years. He joined General Electric in 1967 in the financial management program in GE Appliances. He held a succession of financial management and business leadership positions before being named CFO of GE in 1984.

In 1994, he was named chairman and CEO of Kidder, Peabody Group Inc., retaining his position as GE CFO. He returned full time to his position as CFO of GE in 1995 when Kidder Peabody was sold to PaineWebber.

“Dennis Dammerman is a distinguished and respected executive who brings to the AIG Board a singular record of experience in financial management and financial services,” says Edward Liddy, AIG chairman and CEO. “I am delighted that he has agreed to join the Board of AIG at this crucial time, and I look forward to the benefit of his wise counsel.”

Source: American International Group Inc.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access