Gregory Maciag, president and CEO of ACORD, announced plans to retire in one year on Jan. 15, 2016. The board of directors accepted his decision, and approved Maciag to serve as an advisor for one additional year through Jan. 15, 2017.
“I speak not only for the board of directors, but for all ACORD members, when I acknowledge Greg’s successful journey with us over the past four decades,” says John Leonard, president of The MEMIC Group and ACORD chairman. “Greg provided us with the vision, leadership and stewardship that cultivated partnerships and placed ACORD on the international stage.”
Maciag joined the company in 1977, when he was hired to launch the ACORD Form library. His work paved the trail for industry standardization.
After holding a variety of senior level positions with ACORD, he succeeded Robert E. Merriman as CEO in 1994. He merged IIR/ACORD/IVANS during this time, which he calls difficult, but with opportunity. “Industry leaders had very different opinions about the future of ACORD,” Maciag says in a statement. “I was given the opportunity to develop a vision and modify the mission to reflect the technology revolution that was under way at the time and still continues today.”
Indeed, his vision has helped to position ACORD into one of the world’s largest nonprofit standards development organizations. Under his watch, lines of business expanded to include life, annuity, health, surety and reinsurance, in addition to the staples of property and casualty. The company opened a London post in 2000, which occurred after the merger with WISe (a consolidation of LIMNET in London, RINET in Brussels and the World Insurance Network). ACORD became the global industry standard for Lloyd’s and the London Market.
“Greg met every major metric over the years without fail–including expansion, growth, membership, forms, XML standards and all the financials,” Leonard adds. “It was impressive. Greg spoke about the value of enterprise architecture for years and assembled a crack team that got it done.
A member of the National Underwriter P&C editorial advisory board, Maciag has written columns for the magazine and authored two books, “The Business Information Revolution” (2005) and “The Real-Time World” (2009).
Although Leonard says “You can never replace a guy like Greg Maciag,” the ACORD board will prepare for its future when a five-member selection committee and three outside industry executives meet to identify and recommend Maciag’s successor in the coming year. The board plans to announce the next CEO at the ACORD2015 event in November in Boca Raton, Fla.