American International Group has named Richard Booth to the newly created position of senior vice president and chief administrative officer of the group, effective immediately.

Mr Booth will report to American International Group’s (AIG) president and CEO, Martin Sullivan, and will join AIG’s group executive committee. He will have executive responsibility for AIG’s global operations and systems, corporate administration, R&D, office of the customer, and the strategic relationship group.

Mr Booth retains his current responsibilities as chairman of HSB Group, a provider of equipment breakdown insurance products, inspection services and engineering consulting. He also remains as the senior executive in charge of AIG’s deliver the firm initiative, AIG’s strategy to enhance the delivery of products and services to customers worldwide.

Mr Sullivan said: With his experience and long record of success in operations and administration, Richard Booth is well prepared to drive continuous improvement in AIG’s critical support functions as chief administrative officer.