AIG has promoted longtime employee Brian Schreiber to the newly created role of EVP and chief strategy officer. The role oversees AIG’s global strategic planning efforts; M&A and divestitures; and communications, which includes digital media among other responsibilities. AIG acquired a stake in a cybersecurity tech firm earlier this year.

Schreiber reports to CEO Peter Hancock, and will join AIG’s Operating Committee while chairing the Strategy Committee.

“Brian, in both operating and transactional roles, has demonstrated seasoned leadership in the best and worst of times for our company,” Hancock said. “His broad scope of expertise and deep understanding of the company will be enormously valuable in helping us shape our path and manage future challenges.”

The 18-year AIG veteran last served as deputy chief investment officer, and has also served as Treasurer and as Head of Strategic Planning.

AIG created a chief technology officer role last month, tapping former Kaiser exec Michael Brady.

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