AIG Director Dammerman Resigns - TheStreet

AIG Director Dammerman Resigns

AIG disclosed Friday that Dennis Dammerman is resigning from its board of directors for health reasons.
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NEW YORK (

TheStreet

) -

American International Group

(AIG) - Get Report

said director Dennis Dammerman is resigning from the board of directors for health reasons.

The firm reported in its 10-K annual filing with the

Securities and Exchange Commission

that Dammerman gave notice on Thursday that he intended to resign, effective Feb. 28. AIG did not detail what the "health-related reasons" were.

Dammerman, a former chairman of

General Electric's

(GE) - Get Report

GE Capital Services, is on the audit committee, as well as the compensation and management committee. He is also on

BlackRock's

(C) - Get Report

board of directors.

AIG reported its

fourth-quarter results

before the opening bell, coming in with a loss of nearly $9 billion for the three-month period. The stock was off 7% to $25.58 in recent trades.

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Written by Lauren Tara LaCapra in New York