AIG Fires Interim CFO

American International Group said Monday that it terminated Mark Lyons from his position as AIG’s interim chief financial officer and executive vice president, global chief actuary and head of portfolio management after becoming aware that he violated his confidentiality/non-disclosure obligations.

These alleged violations were unrelated to the company’s financial statements, financial reporting generally and related disclosure controls and procedures, or reserves, according to a company release. In recognition of Lyons’ contributions to AIG since he joined the company in 2018, AIG said it entered into a settlement agreement with him.

On Jan. 10, AIG announced that Lyons, who previously served as AIG’s CFO, was appointed interim CFO as CFO Shane Fitzsimons, executive vice president, was taking a temporary medical leave of absence, effective immediately. Lyons took on the interim CFO job in addition to his role as EVP, global chief actuary and head of portfolio management.

Sabra Purtill has been named AIG’s interim CFO and Turab Hussain has been named AIG’s interim global chief actuary. Purtill previously was chief investment officer of Corebridge Financial, AIG’s life and annuity business that was recently spun off. Before that, she was AIG’s EVP and chief risk officer and deputy CFO, the company said.