AIG Terminates Interim Finance Chief Mark Lyons After Violating Obligations

American International Group AIG terminated Mark Lyons from his position as AIG's Interim Chief Financial Officer and Executive Vice President, Global Chief Actuary, and Head of Portfolio Management.
The move followed after the company became aware that he violated his confidentiality/non-disclosure obligations to the company.
These violations were unrelated to AIG's financial statements, financial reporting generally, related disclosure controls and procedures, or reserves.
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Sabra Purtill has been named AIG's Interim Chief Financial Officer, and Turab Hussain has been named AIG's Interim Global Chief Actuary.
Ms. Purtill previously served as Chief Investment Officer of Corebridge Financial.
Mr. Hussain previously served as AIG's Chief Risk Officer, General Insurance.
Mr. Lyons joined the company in 2018 and previously served as the CFO. He took on the interim position earlier this month because CFO Shane Fitzsimons has taken a temporary medical leave of absence.
Price Action: AIG shares closed at $63.17 on Monday.