AIG Names Cummings VP and Controller

American International Group, Inc. named Don W. Cummings vice president and controller.

Cummings will assume responsibilities for the global Controller unit, reporting to Jeffrey M. Farber, AIG deputy chief financial officer. He will also oversee the controller units of the operating companies on a matrix basis.

He is replacing Joseph D. Cook, who became deputy chief financial officer of AIG Property Casualty. He will assume the role of principal accounting officer in the second quarter of 2013.

“Don brings tremendous experience and first-hand knowledge of the complexities of AIG’s global Finance function and the Controller unit,” said Farber. “Don’s leadership role at Life and Retirement makes him uniquely positioned to lead and continue to enhance this important function.”

David L. Herzog, AIG chief financial officer added, “I have known and worked with Don for many years and have complete confidence in Don and the global Controller team. I want to also take this opportunity to thank Joe Cook for his significant contributions to AIG during such a critical time in AIG’s history. To be able to recruit, promote, and retain experienced professionals like Don and Joe from within AIG signifies the depth and high level of finance talent across AIG.”

Cummings served as senior vice president and deputy chief financial officer of AIG Life and Retirement since March 2012, overseeing the Life and Retirement Controller unit. He joined AIG in 2007 as senior vice president and chief accounting officer of American General Life Companies, and subsequently served in the same roles for American General Life Companies from August 2009 to April 2011.

He is a Certified Public Accountant and holds a Fellow, Life Management Institute designation.

Source: AIG