AIG chief sees former GE boss as ‘tremendous asset’ as it eyes the top spot

American International Group (AIG) has bolstered its board expertise with the appointment of former GE vice chairman to support its ambition of becoming a “top performing company”.

AIG’s board of directors has elected John Rice (pictured) as a director of the company.

Rice is the retired chairman of GE Gas Power and former president and chief executive officer of the GE Global Growth Organisation.

He has extensive global business experience, having worked in various leadership positions with General Electric in its global markets, including Hong Kong, Singapore and Canada, before retiring from GE as vice chairman in 2018. He also served as non-executive chairman of GE Gas Power from 2018-2020. Prior to these roles, Rice was president and chief executive officer of the GE Global Growth Organisation for seven years. He is currently a director for Houston-based Baker Hughes.

“John has significant experience and expertise leading complex, global organisations, particularly in jurisdictions outside the United States, and will add unique and diverse insights to our Board,” said Peter Zaffino, chairman & CEO of AIG.

“As we strive to be a top performing company, I am very confident John will be a tremendous asset to AIG and a strong thought leader for the AIG Board.”

Rice commented: “I am delighted to join the AIG Board and look forward to working with the other Directors in supporting Peter Zaffino as we pursue the company’s long-term strategy.”

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