Gregory Maciag, President & CEO of ACORD
ACORD CEO Gregory Maciag

ACORD’s long-time president and CEO plans to retire within the next year after many influential years in charge.

The global non-profit insurance industry standards organization disclosed that Gregory Maciag will retire on Jan. 15, 2016. He’ll remain as an advisor for an additional year until Jan. 15, 2017, at which point he will mark his 40th anniversary with ACORD.

It looks like ACORD will take time to name and disclose Maciag’s successor. ACORD’s board of directors will announce their new CEO in November, at the ACORD2015 event in Boca Raton, Fla.

Maciag joined ACORD in 1977 and became CEO in 1994, after gaining experience in a number of senior level positions. He helped expand ACORD from its original property/casualty focus to life, annuity and related health, and also surety and reinsurance. Under Maciag’s leadership, ACORD opened a London office in 2000. He helped steer ACORD into mergers with WISe and the Insurance Institute for Research, and led efforts to expand ACORD into Europe, Australia, Southern Africa, China, India, Singapore and elsewhere, ACORD noted.

ACORD Chairman John Leonard, president of the MEMIC Group, credits Maciag with building ACORD into a global organization and a crucial source of aid for insurers.

Maciag “provided us with the vision, leadership and stewardship that cultivated partnerships and placed ACORD on the international stage,” Leonard said in a prepared statement. “We are now one of the largest and most successful industry standards development organizations in the world.”

Source: ACORD