Peter Zaffino sat at 2 World Trade Center poring over financial reports on the m...
NEW YORK - Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as staff began fleeing.
Zaffino, 53, is now poised to become the next chief executive of American International Group Inc , one of the largest U.S. insurers, after being named president in December. AIG’s next CEO will be the seventh since 2005. The company is in the midst of a turnaround launched by Duperreault nearly three years ago.
Added another person who knows Zaffino and who spoke on condition of anonymity: “You can’t outwork him. He’s on the job 24-7.” An operating chief is generally next in line for the CEO job, executive consultants said. That does not always happen, but naming that person president typically signals an imminent transition, perhaps within a year.
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