Jeff Hurd was named senior vice president and head of human resources at the New York-based company. Hurd, formerly AIG’s chief administrative officer, has held numerous senior roles and previously served as head of asset management restructuring and interim president of AIG Global Real Estate, the memo states. He replaced Andrew Kaslow, the human resources chief who departed last fall.
AIG also hired Michael Cowan as vice president and chief administrative officer. Cowan is a former longtime executive at Merrill Lynch & Co. and most recently served as senior vice president of global corporate services at the Wall Street firm.
Hurd and Cowan, who will be based in New York, will report directly to CEO Robert Benmosche, who told employees in the memo that the organizational changes will “help increase our momentum and strengthen our organization.”
The appointments come after last week’s resignation of Anastasia Kelly, AIG’s general counsel and vice chairman for legal, human resources and corporate affairs. Kelly left in connection with federal salary caps imposed on executives at companies that took government bailout funds. In addition, Suzanne Folsom, chief compliance and regulatory officer, also left the firm. AIG said last week it is looking for successors for the duo.
Nicholas Ashooh, senior vice president of communications, also has resigned, the memo said. He has been replaced by Christina Pretto, who currently is vice president of corporate media relations for AIG.
In the memo, Benmosche told employees to remain focused on “core priorities” including “repaying taxpayers, strengthening our business, and serving clients.”