NEW YORK (
American International Group
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
GE Capital Services, is on the audit committee, as well as the compensation and management committee. He is also on
board of directors.
AIG reported its
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.
Written by Lauren Tara LaCapra in New York