UPDATE 1-Icahn representative to AIG board will not seek another term -filing

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(Reuters) – Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc, will not seek re-election to the post at the insurer’s annual meeting in May, the company said in a filing on Wednesday.

Merksamer, who has served in the post on behalf of the activist investor since 2016, will continue his work on AIG’s board until the May meeting, the company said.

Merksamer declined to comment. He was a managing director at Icahn Capital, a unit of Icahn Enterprises LP from 2008 until leaving Icahn’s firm last year.

An Icahn spokesman was not immediately available for comment.

Reporting by Suzanne Barlyn; Editing by Chris Reese and Susan Thomas

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