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CEO and chairman Edward Liddy, who came under fire for the billions of bonuses the company paid out, will leave when a replacement is found.
Liddy, who serves as both chairman and CEO, was appointed by the Federal Reserve to head the company in September, after the troubled insurer received billions of dollars in federal aid.
"Much work remains to be done at AIG, but much has already been accomplished," Liddy said in a statement. "Our pace of success ... is likely to take several years. AIG should have a leadership team committed to a similar time horizon and prepared to carry the pla