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AIG names Douglas Steenland as seventh chairman since 2005

AIG named Douglas M. Steenland as the insurers seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to CEO last year.

By Sonali Basak | Updated on April 16, 2015
Douglas Steenland in 2006, when he was CEO of Northwest Airlines. (AP Photo/Lawrence Jackson)

(Bloomberg) — American International Group Inc. named Douglas M. Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last year.

Steenland, the former CEO of Northwest Airlines Corp., will become chairman effective July 1, the New York-based insurer said Thursday in a statement. Miller, who joined the AIG board with Steenland in 2009, will remain a director and is limiting his role because of a guideline that a person shouldn’t be AIG chairman for more than five years, the company said.

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