James Cole, Jr., Chairman & CEO of The Jasco Group, Former Partner at Wachtell, Lipton, Rosen & Katz, Joins AIG’s Board of ...
March 02 2021 - 9:00AM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that its Board of Directors has elected James Cole, Jr., as a
Director of the company, effective March 15, 2021. Mr. Cole, 52, is
Chairman and Chief Executive Officer of The Jasco Group, a New York
City-based multidimensional investment management firm.
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James Cole, Jr. (Photo: Business
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“AIG is fortunate to have someone with James’ depth and breadth
of business and public policy experience join our Board of
Directors,” said Brian Duperreault, Executive Chairman of AIG.
“AIG’s stakeholders will benefit from his expertise and insights.
We are delighted to welcome James to the Board.”
“As we continue to position AIG for growth in an ever-changing
world, it is critical that Directors bring deep expertise on
complex matters and diverse perspectives to help us navigate a new
and better course forward,” said Peter Zaffino, President and Chief
Executive Officer of AIG. “James has a forward-looking, optimistic
point-of-view and he will help us rise to the challenges we face as
a global risk management and insurance company seeking to create
value for our clients, shareholders and other stakeholders while
investing in the futures of our colleagues.”
Mr. Cole spent approximately 15 years with the law firm
Wachtell, Lipton, Rosen & Katz where he specialized in Mergers
& Acquisitions and Corporate Governance. He was the first Black
partner in the firm’s history. In addition to Mr. Cole’s
accomplished business career, he has been a dedicated advocate for
education at all levels. He has an extensive background in public
policy with a distinguished track record of achievements as a
public servant. Mr. Cole served in President Obama’s Administration
in 2016 as U.S. Delegated Deputy Secretary of Education. In his
role as Deputy Secretary, he was responsible for the Department of
Education’s work on President Obama’s My Brother’s Keeper Task
Force, which worked to close the education and opportunity gaps
faced by young men of color. Prior to that, in December 2014, he
was confirmed by the U.S. Senate as the Department of Education’s
General Counsel after spending three years as Deputy General
Counsel at the U.S. Department of Transportation. Mr. Cole began
his career as a financial analyst at GE Capital Corporation.
Mr. Cole currently serves on the National Board of Directors of
Jumpstart, which provides language, literacy and socio-economic
programing for pre-school children from under-resourced and
under-served communities. Mr. Cole received his B.S. in Finance
from the University of Illinois at Urbana-Champaign and his J.D.
from The University of Chicago.
“It is a privilege to join AIG’s Board of Directors at a pivotal
time in the company’s history,” Mr. Cole said. “The steady progress
AIG has made in recent years is evident and I look forward to
working with the other AIG Directors in supporting the Executive
Leadership Team, and the entire organization, as they pursue their
vision for the future and accelerate their momentum to become a
top-performing insurance franchise.”
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide a wide range
of property casualty insurance, life insurance, retirement
solutions, and other financial services to customers in
approximately 80 countries and jurisdictions. These diverse
offerings include products and services that help businesses and
individuals protect their assets, manage risks and provide for
retirement security. AIG common stock is listed on the New York
Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20210302005679/en/
Sabra Purtill (Investors): sabra.purtill@aig.com Shelley Singh
(Investors): shelley.singh@aig.com Dana Ripley (Media):
dana.ripley@aig.com
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