American International Group, Inc. hired a former Wells Fargo & Company executive and government security official in a leadership role, and separately nominated three new board members.
Rich Baich is joining the company as senior vice president, Chief Information Security Officer, effective April 22, 2019. He’ll lead the firm’s global cybersecurity risk management program, and work closely with AIG’s leadership to drive information security strategy for the company.
Baich’s responsibilities will include defining information security requirements, implementing industry-leading technology products and services and providing oversight on information security risks associated with the roll-out of new technology platforms and systems. He’ll report to John Repko, AIG’s Chief Information Officer.
Previously, Baich was at Wells Fargo & Company, where he has served as Chief Information Security Officer since 2012. In this role, he oversaw information security strategy and governance, identity and access management, security engineering, line-of-business engagement, and cyber defense and monitoring. He was previously a Principal at Deloitte & Touche LLP, where he led the Global Cyber Threat and Vulnerability Management practice.
Baich was also Naval Information Warfare Officer for the National Security Agency, senior director for professional services at Network Associates (now McAfee), and, after 9/11, special assistant to the deputy director for the National Infrastructure Protection Center at the Federal Bureau of Investigation. He retired from the military after more than twenty years of active and reserve service.
Baich was appointed by the President of the United States to the National Infrastructure Advisory Council in 2018 and serves on FEMA’s National Advisory Council as its cybersecurity expert. He is also a member of the Strategic Advisory Board of the International Consortium of Minority Cybersecurity Professionals, the Executive Board for the Banking Policy Institute BITS organization, and is the Intelligence Program Advisor for the Financial Systemic Analysis and Resiliency Center.
Nominations to the Board of Directors
Separately, AIG nominated three new director candidates for election at the company’s 2019 annual shareholder meetings. The nominees will join 10 current directors standing for reelection, and are as follows:
- Peter Porrino, former executive vice president and Chief Financial Officer of XL Group Ltd
- Amy Schioldager, former Senior Managing Director and Global Head of Beta Strategies at BlackRock, Inc.
- Therese Vaughan, former CEO of the National Association of Insurance Commissioners and the Robb B. Kelley Visiting Distinguished Professor and former Dean of the College of Business and Public Administration at Drake University
These nominations follow the January 2019 election of Thomas Motamed as a director. Motamed previously served as chairman and CEO of CNA Financial Corporation and before that spent 31 years with The Chubb Corporation.