AIG Names Richard Booth as Chief Administrative Officer, Part of Plan to Increase Cross-Selling Efforts
Longtime American International Group (AIG) executive Richard Booth has been appointed to the new post of chief administrative officer. This move is in sync with one of Chief Executive Martin Sullivan's main initiatives, cross-selling among business units.
Mr. Booth, who will report directly to Mr. Sullivan, will be responsible for overseeing global operations, research and development and other responsibilities. He'll also hold the rank of senior vice president and will join AIG's executive committee.
Mr. Booth has been in charge of Mr. Sullivan's effort to persuade customers of AIG's many business units to buy products and services from other parts of the AIG empire. He has also headed HSB Group Inc., an AIG unit that provides insurance for industrial equipment. He will continue to maintain those roles.
Source: Source: WSJ | Published on June 9, 2008
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