AIG appoints global chief procurement officer from Verizon

American International Group (AIG) has appointed Michael O’Malley as global chief procurement officer.

O’Malley is joining AIG from Verizon where, since 2001, he held roles of increasing executive responsibility in sourcing and procurement. He served most recently as vice president, strategic sourcing for Verizon Services Ireland.

In his new role, O’Malley will be responsible for the strategy and performance of all sourcing and procurement services across AIG. He will collaborate with senior leaders across the company to further align procurement systems with business goals by accelerating delivery, assessing performance and managing risk.

He will report to John Repko, AIG’s executive vice president & chief information officer.

“Michael has extensive first-hand experience in leading the execution of complex procurement initiatives on a large scale,” said Repko. “His track record on technology-based processes and operational excellence will support our continuous work to best position AIG for long-term profitability.”

O’Malley said: “It’s an exciting opportunity to lead the realignment of AIG’s global sourcing and procurement function and strategy. I look forward to working closely with colleagues across AIG to facilitate procurement capabilities that drive positive results for AIG’s businesses.”