AIG Appoints Roshan Navagamuwa as Executive Vice President and Chief Information Officer

Rhea-AI Summary

AIG: Roshan Navagamuwa Named EVP and Chief Information Officer, John Repko to Step Down. Roshan Navagamuwa joins AIG as EVP and Chief Information Officer, effective January 1, 2024. He will oversee AIG’s global technology and cybersecurity strategy, core infrastructure, and cloud strategy. John Repko, the current CIO, will transition to a Senior Advisor role. Navagamuwa brings experience from CVS Health and Aon's Global IT division.

Positive

• Roshan Navagamuwa's impressive track record in technology and management is expected to enhance AIG's strategic deployment of technology for growth. His appointment reflects AIG's commitment to innovation and operational excellence through technology.

Negative

• The impact of John Repko stepping down from his role as CIO on AIG's future technology initiatives is not clearly outlined in the press release.

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Roshan Navagamuwa will be joining AIG in December and has been named EVP and Chief Information Officer, effective January 1, 2024. Mr. Navagamuwa will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and serve on AIG’s Executive Leadership Team.

Roshan Navagamuwa (Photo: Business Wire)

As Chief Information Officer, Mr. Navagamuwa will be responsible for AIG’s global technology and cybersecurity strategy, managing core infrastructure, technology partnerships and process engineering efforts, and lead AIG’s cloud strategy along with other modernization technologies.

Mr. Zaffino said: “Roshan is an accomplished technology executive with an impressive track record of innovating software development and managing through complex organizational change. I am very pleased that Roshan is joining AIG, and his deep expertise and broad management experience will be an asset as we continue to strategically deploy technology to advance our next phase of growth.”

Mr. Navagamuwa said: “I am very proud to join AIG, an iconic company that has accomplished a remarkable business turnaround. I look forward to working with Peter and the collaborative world-class team he has assembled to employ technology that enables AIG’s innovation, disciplined execution and operational excellence.”

Mr. Navagamuwa joins AIG from CVS Health (NYSE: CVS), where he was Executive Vice President and Chief Information Officer. Previously at CVS Health, he was Senior Vice President, Client Services, Pharmacy Benefits Management. Earlier in his career, he held successive leadership roles in Aon's (NYSE: AON) Global IT division.

As part of an established succession plan, on January 1, 2024, John Repko, Executive Vice President and Chief Information Officer will step down from his current role and will serve as a Senior Advisor to Mr. Zaffino to assist with the transition of the CIO role and advise on various technology related initiatives.

Mr. Zaffino said: “John joined AIG in 2018, which was a very important moment for our company. His leadership and expertise supported and accelerated our technology infrastructure modernization, AIG 200 programs and business continuity during the COVID-19 pandemic. I am very grateful to John for the significant progress we made in our technology capabilities, and for his commitment to AIG during a period of profound change and improvement.”

About AIG

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. AIG’s common stock is listed on the New York Stock Exchange.

AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231114592675/en/

Quentin McMillan (Investors): quentin.mcmillan@aig.com

Claire Talcott (Media): claire.talcott@aig.com

Source: American International Group, Inc.

FAQ

Who is joining AIG as the new EVP and Chief Information Officer?

Roshan Navagamuwa will be joining AIG as EVP and Chief Information Officer.

When will Roshan Navagamuwa assume his new role at AIG?

Roshan Navagamuwa will be taking on the role of EVP and Chief Information Officer at AIG effective January 1, 2024.

What will Roshan Navagamuwa's responsibilities be as Chief Information Officer at AIG?

As Chief Information Officer, Roshan Navagamuwa will be responsible for AIG’s global technology and cybersecurity strategy, managing core infrastructure, technology partnerships, and process engineering efforts, and lead AIG’s cloud strategy along with other modernization technologies.