(Reuters) - AIG announced that Chairman and CEO Edward Liddy will step down after replacements are found.
* Says Liddy has recommended to the board that the chairman and CEO roles be
separated
* Says board concurs with Liddy's recommendation
* Says intends to conduct a search to fill each position
* Says Liddy determined co should also initiate necessary actions to install
more permanent leadership team and structure
* Says search will include participation by both the reconstituted board and
the trustees of the AIG credit facility trust
