American International Group Inc.Edward Liddy, the troubled insurer's  chairman and CEO, will step down as soon as a successor is found.The board has accepted Liddy's recommendation that the chairman and CEO roles be separated, according to the AIG statement. He also said that the company also should initiate the necessary actions to install a more permanent leadership team and structure.

The board intends to conduct a search to fill each position. 

Liddy was appointed AIG's CEO last September following the government stepping in to bail out the company.


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