AIG’s Next CEO: Hank Greenberg Jr.

Brian Duperreault is out to clear his adoptive family's name.
By Starkjames (Own work) [CC BY-SA 4.0], via Wikimedia Commons

By Starkjames (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Thanks to Carl Icahn, AIG needs a new CEO. Unfortunately, the best candidate—who also happened to be the self-proclaimed best CEO in history—Robert Benmosche, is dead. The second-best candidate, fellow former AIG CEO Hank Greenberg, who left the insurance giant in such good shape that it required (or was required to accept, depending on who you ask) a 12-figure bailout three years after his exit, is available, but is also 91 years old and perhaps would present a bit of an optics issue. So AIG’s board is fast coming around to the idea of the next best thing, which is Greenberg’s former protégé—and pretty close to adopted son—Brian Duperreault.

While at AIG Mr. Duperreault was long considered a potential successor to Mr. Greenberg….

His career path has intersected with members of the Greenberg family multiple times. At ACE he was eventually succeeded as CEO by Evan Greenberg, the son of the former AIG chief executive. Mr. Duperreault had been a mentor to the younger Evan Greenberg at AIG and hired him for a senior job at ACE.

At Marsh Mr. Duperreault took over a post held at one time by Evan Greenberg’s brother, Jeffrey.

AIG Considers Greenberg Acolyte as Next CEO [WSJ]
AIG Said Considering Duperreault Among Options for CEO Role [Bloomberg]