On Tuesday, American International Group (NYSE: AIG) saw its stock drop nearly 8% as investors reacted to the announcement of CEO and chairman Peter Zaffino’s impending departure from his CEO role, which he plans to transition away from by mid-year. The company did not specify an exact timeline for this change, which will leave Zaffino as the executive chairman of the board. This leadership shift has contributed to investor uncertainty surrounding the insurer’s future.
