The Association for Cooperative Operations Research and Development (ACORD) has a new president and chief executive officer.

The board of directors of the Pearl River, N.Y.-based insurance industry standard developer elected William N. Pieroni to the post. He succeeds Gregory Maciag, who announced a little more than a year ago that he planned to retire this year.

"Bill Pieroni is an example of the best in our industry. He is a strong leader with deep knowledge of the insurance business and a vision for the future success of ACORD," Sal Branca, senior vice president of AIG and chairman of the ACORD board of directors, said in a statement. "Bill's enthusiasm, passion for innovation and understanding of the limitless opportunities ahead will bring valuable perspective. ACORD has a long and proud history of thought leadership and I look forward to working with Bill and could not be more excited for ACORD's future."

Pieroni has served on the ACORD board for the past 10 years. Prior to his appointment of president and CEO, Pieroni acted as the global chief operating officer of Marsh and also as the firm's chief technology and transformation officer for its Risk and Insurance segment. Pieroni also has served as senior vice president and as part of the office of the chairman at State Farm, and as Aon's senior vice president and global chief information officer.

Maciag, who was named a president emeritus of ACORD, will continue to act as an adviser to the organization.

"With four decades at ACORD, I am truly proud of our success. The future continues to be filled with opportunities and I can't think of a better leader than Bill Pieroni to continue the ACORD journey," he said in a statement.

Related: Innovations with ACORD

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ACORD elects Marsh's Pieroni as new president, CEO

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