Martin J. Sullivan | |
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Born | 1955 (age 61–62) Hill Cottage, England |
Martin J. Sullivan, OBE, (born 1955 in Essex, England), is the former Deputy Chairman of Willis Group Holdings plc (NYSE: WSH) and Chairman and CEO of its, Willis Global Solutions, which oversees brokerage and risk management advisory services for Willis’s multinational and global accounts. He also previously served as President and Chief Executive Officer of American International Group, Inc.
In 1971 Sullivan joined AIU's finance department, the non-life UK company of AIG. In 1974, he joined the Property Department and held a succession of underwriting and management assignments in the UK and Ireland. In 1983, Sullivan was appointed Property Manager for the UK and later Regional Property Manager for the UK/Ireland. In 1988 Sullivan became UK/Ireland Marketing Manager of AIU. Sullivan was appointed Assistant Managing Director of AIG Europe (UK) Ltd. in 1989 and Chief Operating Officer in 1991. In 1993 he was named President of AIU's UK/Ireland Division and Managing Director of AIG Europe (UK) Ltd. Sullivan became Senior Vice President, Foreign General Insurance in 1996, and Executive Vice President, Foreign General in 1998.
In 1996 he was appointed Chief Operating Officer of AIU in New York City and named President in 1997. He was elected to the Board of AIG in May 2002 and was groomed as a potential CEO. Sullivan succeeded Maurice R. Greenberg, who stepped down as AIG's CEO amidst an accounting scandal. His career and accomplishments at AIG prior to his appointment as CEO were viewed positively. Frank Zarb, chairman of the executive committee at the time of Sullivan's CEO appointment, said, "AIG has a very strong and deep management team, and Martin Sullivan is a proven leader who will be an outstanding CEO. Martin has a distinguished record of accomplishment at AIG. He has achieved significant results in several key positions, and he has a deep understanding of AIG's major businesses throughout its domestic and international operations."
Soon after his appointment as CEO on March 14, 2005, Sullivan began work on settling certain of AIG's regulatory issues that he inherited from Greenberg. This led to a settlement with then New York Attorney General Eliot Spitzer that was announced on February 9, 2006 and was viewed as an important first cleanup step for AIG. Sullivan also successfully helped lead AIG through a required financial statement as a result of these various regulatory and accounting issues. Sullivan was replaced as CEO by Robert Willumstad on June 15, 2008.