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| June 7, 2010: American International Group (AIG) has hired former U.S. Army Lt. Col. Robert Bleimeister and Mitchell Schultz, previously of Invesco Ltd., to improve a human resources department that AIG officials described as “sub-optimal,” according to Bloomberg. Bleimeister, who joined AIG in May, 2010, was named the Director of Human Resources Operations, the New York-based insurer said in a letter to staff dated Wednesday, June 2, 2010. He was most recently the Director of Business Strategy for the U.S. Army, according to the memo. Schultz, a former director of human resources at Invesco, joined AIG on Tuesday, June 1, 2010, and will oversee compensation and benefits. AIG, the world’s largest insurer before soured housing bets forced it into a 2008 bailout, made the hires as part of an overhaul of its human resources unit and pay practices, according to the memo from Jeffrey Hurd, who took charge of the operations in February, 2010. AIG, which was built through dozens of acquisitions, has operations in more than 100 nations and is selling units to repay its $182.3 billion government rescue. |
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