Gregory Maciag, president and CEO of ACORD, has announced plans to retire on January 15, 2016. He will continue to serve as an advisor for an additional year through 2017, which will be his 40th year with the international standards organization.
Maciag joined ACORD in 1977 to launch the ACORD Form library and later went on to serve a multitude of senior-level positions before succeeding Robert E. Merriman as CEO in 1994. His term extended through a rocky period in the 1980s, during which the future of the organization was called into question.
“Industry leaders had very different opinions about the future of ACORD,” said Maciag in a statement. “I was given the opportunity to develop a vision and modify the mission to reflect the technology revolution that was under way at the time and still continues today.”
During Maciag's time with ACORD, its lines of business expanded outside P&C to include life, annuity, and related health, in addition to surety and reinsurance. He also oversaw its expansion throughout the US and across the globe in Europe, Southern Africa, Australia, India, China, and Singapore.
The ACORD board plans to form a selection committee, including three outside industry executives, to appoint a new leader. Maciag’s successor will be announced at the November ACORD2015 event in Boca Raton, Fla.
Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio