The chief executive of American International Group, Robert H. Benmosche, plans to stay at the company till the next year after receiving an inspiring prognosis for his cancer treatment.

In a statement, A. I. G. stated that its board had been told by one of Mr. Benmosche's doctors about his unidentified type of cancer and various test results. Both the company and Mr. Benmosche stated that that they were confident about him continuing to lead the company through its planned sale of stock owned by the Treasury Department, which is an offering tentatively scheduled for this spring.

As it is known that, nothing in life is certain, but given that the respond was very well to the treatment, the doctors believe that he can continue to apply the same commitment and energy to A. I. G. over the next twelve to eighteen months Mr. Benmosche, aged sixty six said in a statement. He further stated that he expected to retire next year.

The chairman of A. I. G. Robert S. Miller added in a statement: that every member of the A. I. G. board of directors is excited with Bob's news

Timothy F. Geithner, the Treasury Secretary made a statement saying that they are very pleased for Bob and look forward to keep on working with him as A. I. G. looks for repaying the balance of the taxpayers' investment.

A. I. G. repeated that in case of Mr. Benmosche stepping down, Mr. Miller would take over as chief executive on stop-gap measure. The company is in search for a permanent successor.

In a DealBook Portrait, in the last month, Mr. Benmosche spoke openly about his illness, his life and his time when he led A. I. G. back to health after it almost collapsed during the financial crisis:

He further stated that he felt psychologically fine and felt comfortable. It's just he knew that he probably won't see ninety and probably won't see eighty either.