(Reuters) – Bailed-out insurer AIG on Thursday said the head of its airplane leasing unit admitted to having an inappropriate relationship with an employee, and the company demoted him and cut his salary as a result.
But AIG said Henri Courpron would remain chief executive of the leasing unit, ILFC, and that it was happy with his performance in the role.
Courpron will now report to a newly named executive chairman, Laurette Koellner. Koellner, a former senior Boeing executive, had been an AIG board member since 2009 but will give up that seat for the ILFC position.
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