Capital IQ Power Moves

American International Group announced that its board of directors has elected Robert H. Benmosche as president and chief executive officer. Mr. Benmosche was also elected a member of the board of directors, and will assume his new roles on August 10, 2009, with the retirement of chairman and chief executive officer Edward M. Liddy. In addition, the company announced that Paula Rosput Reynolds, vice chairman and chief restructuring officer, has decided to leave the company effective late in the third quarter of 2009. Mr. Benmosche, 65, is former chairman, president, and chief executive officer of MetLife. Mr. Benmosche led the transition of MetLife from a mutual to a public company in 2000. -Business Wire