New York-based AIG, the insurance and financial services company has named Director Harvey Golub as its non-executive chairman. Mr. Harvey Golub, 70, will replace retiring Chairman Edward M. Liddy on Monday.

Mr. Golub, who joined the AIG board in May, served the American Express Co. from 1993 to 2001 as its chairman and CEO.

Former chairman and CEO of MetLife Inc, Robert Benmosche has been named as company's new chief executive.

Annual meeting of shareholders of AIG is going to take place on June 30, in which investors will vote over the issue of new independent directors.

It should be noted here that AIG has recently emerged from bankruptcy and is under pressure to slash pay packages and bonuses of executives.