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AIG CEO Benmosche Is Being Treated for Cancer

Source: MarketWatch

Posted on 26 Oct 2010

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Late Monday AIG CEO Robert Benmosche revealed that he has been diagnosed with cancer and is undergoing "aggressive" chemotherapy.

"I feel fine, and I continue to work according to my normal schedule," Benmosche said in a statement. “As for my long-term prognosis — I will have a better idea over the next couple of months of what that will look like as I continue to undergo treatment and my doctors refine their diagnosis.”

Benmosche added that he remains “absolutely committed” to AIG  and the company’s stakeholders.

Benmosche has overseen the re-organization of AIG for more than a year. In recent months, the company has taken several steps toward repaying more than $100 billion it owes the U.S. government from a bail out in 2008.

“In the last year, Bob has made a profound impact on AIG, and under his leadership, AIG has built a very strong management team that is working hard to repay taxpayers,” Robert Miller, chairman of AIG’s board, said in a statement.

AIG directors will continue to work together “smoothly and without interruption as AIG executes its repayment roadmap,” Miller added. “At the same time, we will make sure that we engage in appropriate contingency planning to ensure management continuity.”