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AIG board member to step down

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AIG board member to step down

Samuel Merksamer will not stand for re-election to American International Group Inc.'s board at the company's annual meeting of shareholders scheduled for May 9.

He has been a member of the board since 2016.

The nomination agreement involving High River LP, Icahn Partners Master Fund LP, Icahn Partners LP, Carl Icahn and the company will expire 35 days following Merksamer's departure from the board, AIG said in a regulatory filing.