HOUSTON, Oct. 7 /PRNewswire/ -- American General Corporation (NYSE: AGC)
today announced that Michael G. Atnip has been named executive vice president
of The Variable Annuity Life Insurance Company (VALIC), American General's
Houston-based retirement services subsidiary. He joins Thomas L. West, Jr.,
president and chief executive officer, and Craig R. Rodby, vice chairman, in
VALIC's office of the chairman. In this newly created position, Atnip will be
responsible for VALIC's systems and operations divisions.
Atnip, 49, joined American General in 1975 and has served in a variety of
senior management positions, including senior vice president of systems and
programming of American General Life Insurance Company, and senior vice
president-insurance and administration of American General Finance. Most
recently, he served as senior vice president-operations support of the parent
company. Atnip began his 26-year financial services career with Southland
Life Insurance Company before joining American-Amicable Life Insurance
Company, which was acquired by American General in 1984.
Atnip, a native of Fort Worth, Texas, received his B.A. degree in
mathematics from the University of Texas in 1971 and his M.B.A. degree from
Baylor University in 1977. He is a Fellow, Life Management Institute (FLMI)
and a Chartered Life Underwriter (CLU).
VALIC, with assets of $34 billion, is a leading provider of retirement
programs and employer-sponsored retirement plans to employees of educational,
health care, public sector, and other not-for-profit organizations. Today,
VALIC helps more than one million customers plan for retirement.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $77 billion and shareholders'
equity of $6.7 billion. Headquartered in Houston, it is a leading provider of
retirement services, life insurance, and consumer loans to 12 million
customers. American General common stock is listed on the New York, Pacific,
London, and Swiss stock exchanges.
SOURCE American General Corporation
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CONTACT:
Investors: Robert D. Mrlik, Vice President -
Investor Relations, 713-831-1137, or David W. Entrekin, Vice
President - Investor Relations, 713-831-1346, or Media: John E.
Pluhowski, Director - Corporate Communications, 713-831-1149, all
of American General Corporation
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