American International Group, Inc. (AIG) has announced the appointment of Michael O’Malley as global chief procurement officer.

O’Malley joins AIG from Verizon, where he held several leadership roles in sourcing and procurement. He most recently served as vice president, strategic sourcing for Verizon Services Ireland.

In his new role, O’Malley will be responsible for the strategy and performance of all sourcing and procurement services across AIG. He will report to John Repko, executive vice president and chief information officer at AIG, and will collaborate with senior leaders across the company to further align procurement systems with business goals.

“Michael has extensive first-hand experience in leading the execution of complex procurement initiatives on a large scale,” said Repko. “His track record on technology-based processes and operational excellence will support our continuous work to best position AIG for long-term profitability.”

“It’s an exciting opportunity to lead the realignment of AIG’s global sourcing and procurement function and strategy,” said O’Malley. “I look forward to working closely with colleagues across AIG to facilitate procurement capabilities that drive positive results for AIG’s businesses.”