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Former American Express'
Golub, who was chairman and chief executive of the largest U.S. credit card company between 1993 and 2001, was elected director of AIG in June.
AIG declined to comment.
Earlier this week, the insurer—which received three successive bailouts totaling about $180 billion—tapped former MetLife chief Robert Benmosche to be its new chief executive, effective next Monday.
AIG is expected to appoint one of its newest directors for the role, a person familiar with developments said on Monday.
Six directors joined AIG's board in June, including Golub; Christopher Lynch, a retired KPMG partner; Arthur Martinez, former head of Sears, Roebuck & Co; Robert "Steve" Miller, Delphi'ss executive chairman; Douglas Steenland, former CEO of Northwest Airlines, and Laurette Koellner, a former Boeing executive.
AIG—nearly 80 percent owned by the U.S. government—is expected to report second-quarter results on Friday.
Once the world's largest insurer, the firm has reported billions of dollars in losses in each of the previous five quarters, but analysts estimated AIG could benefit from unrealized investment gains, partly reversing write-downs in earlier quarters.
AIG shares [AIG
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] soared 62.7 percent to $22 on Wednesday on the New York Stock Exchange.
Data is a real-time snapshot *Data is delayed at least 15 minutes