A non-profit trade association that advocates for non-discriminatory treatment of foreign based firms in US business has appointed Zurich
Insurance senior executive Dennis Kerrigan to the position of chairman.
The Organization for International Investment (OFII) said in a statement that Kerrigan has been elected by its membership to serve as chairman of the board of directors.
Kerrigan is executive vice president, general counsel, and corporate secretary for Zurich North America.
He succeeds Jake Jones, Daimler executive director for external affairs and public policy operations in North America.
OFII represents around 170 US subsidiaries of foreign firms, including Nestle, Siemens and Toyota. Companies that provide foreign direct investments (FDI) to the US directly employ 6.4 American workers, representing 5% of the country’s private sector employment. They shell out an annual payroll of $510 billion and spend $57 billion annually on research and development activity in the US.
“Dennis has been an invaluable asset to OFII’s advocacy efforts,” Nancy McLernon, president and chief executive of OFII, said in the statement.
“His creative strategic thinking, combined with his distinguished legal experience, positions him to be enormously helpful as OFII continues to promote policies that will encourage global companies to establish U.S. operations, increase American employment, and boost US economic growth,” she continued.
“I’m very pleased to assume this leadership role at OFII, which has been singularly effective at bringing together many of the world’s leading global companies to advocate for a level tax and regulatory playing field in the US,” Kerrigan also said in the OFII announcement.
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