AIG Elects Juan Perez to its Board of Directors

Rhea-AI Summary

AIG (NYSE: AIG) has announced the election of Juan Perez, Executive Vice President and Chief Information Officer of Salesforce, to its Board of Directors as an independent Director. Perez brings over 30 years of experience in leading strategic technology initiatives at Fortune 500 companies, with expertise in artificial intelligence, data strategy, and digital transformation.

In his current role at Salesforce, Perez oversees the global IT organization and data strategy while advising on product strategy. Previously, as CIO and Engineering Officer at UPS, he led the implementation of advanced analytics and AI technologies. Perez holds degrees in industrial and systems engineering and computer and manufacturing engineering from the University of Southern California, and serves as a director at The Hershey Company and Wabtec

Positive

• Addition of technology executive with extensive AI and digital transformation expertise
• Strategic alignment with AIG's focus on GenAI and Large Language Model development
• Enhancement of board expertise in data strategy and advanced analytics

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce, has been elected to its Board of Directors as an independent Director, effective immediately.

Juan Perez (Photo: Business Wire)

With more than 30 years’ experience leading strategic technology initiatives at Fortune 500 companies, Mr. Perez is a distinguished technology executive with deep expertise in artificial intelligence, data strategy and digital transformation. As CIO of Salesforce, he oversees the global IT organization and data strategy and advises on product strategy. Previously, Mr. Perez served as CIO and Engineering Officer at UPS, where he drove the company's adoption of advanced analytics and led the implementation of technologies including AI.

“I am very pleased to welcome Juan to the AIG Board of Directors and look forward to his contributions as we continue to advance our data and digital strategy,” said Peter Zaffino, Chairman & CEO, AIG.

John Rice, Lead Independent Director, AIG noted: “Juan’s experience at the forefront of enterprise AI and working with leading companies on digital transformation aligns well with AIG’s focus on delivering exceptional value to clients and stakeholders.”

“I am impressed with AIG’s underwriting profitability, financial performance and strategic progress in multiple key areas including their development of a GenAI and Large Language Model powered solution,” said Juan Perez. “I am honored to join AIG’s Board of Directors and support AIG’s colleagues around the world as they continue to position the company for long-term success.”

Mr. Perez holds a bachelor’s degree in industrial and systems engineering and a master’s degree in computer and manufacturing engineering from the University of Southern California. He is a director of The Hershey Company and Wabtec Corporation and serves on the advisory boards of the School of Industrial and Systems Engineering at the University of Southern California and the School of Business at Georgia Tech.

About AIG

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners. 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 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/20250220077516/en/

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

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

Source: American International Group, Inc.

FAQ

Who is Juan Perez and what role will he have at AIG?

Juan Perez, currently Executive Vice President and CIO of Salesforce, has been elected as an independent Director to AIG's Board of Directors. He brings over 30 years of experience in technology leadership and expertise in AI, data strategy, and digital transformation.

How does Juan Perez's appointment align with AIG's strategic goals?

Perez's appointment aligns with AIG's focus on advancing their data and digital strategy, particularly in developing GenAI and Large Language Model powered solutions, leveraging his expertise in AI and digital transformation.

What is Juan Perez's background before joining AIG's board?

Prior to this appointment, Perez served as CIO of Salesforce and previously as CIO and Engineering Officer at UPS, where he implemented AI and advanced analytics technologies. He also serves on the boards of The Hershey Company and Wabtec

What technological initiatives is AIG currently pursuing?

According to the announcement, AIG is developing GenAI and Large Language Model powered solutions as part of their digital strategy to deliver value to clients and stakeholders.