Paula Reynolds will be lead liaison officer with Federal Reserve Bank of New York
AIG has appointed Paula Rosput Reynolds as vice chairman and chief restructuring officer. The former chairman, president and CEO of Safeco Corporation will oversee AIG’s divestiture of assets and will serve as chief liaison with the Federal Reserve Bank of New York.
In this new position, Reynolds will oversee AIG’s divestiture of assets and will serve as chief liaison with the Federal Reserve Bank of New York. She reports to AIG Chairman and Chief Executive Officer Edward Liddy.
AIG chief executive Ed Liddy said: “Paula brings to AIG deep experience, not only as an insurance industry leader, but is also as someone who has successfully realigned organisations to meet new challenges.
“She has earned a reputation for working collaboratively with government and regulatory officials to achieve mutual goals.”
Reynolds was named Safeco President and Chief Executive Officer in January 2006 and Chairman in May 2008. Prior to that, she was Chairman, President and CEO of AGL Resources, an Atlanta-based energy holding company. Before joining AGL Resources, Ms. Reynolds spent 20 years in the energy business in various executive positions. She has served on a number of public boards, including Andarko Petroleum and Delta Airlines. She graduated with highest honours in economics from Wellesley College.
