American International Group (AIG) has promoted Jeanne Edwards to be its new chief procurement officer.
In her new role, Edwards will be responsible for the overall strategy and performance of all purchasing and vendor services across AIG. She will report to Shane Fitzsimons, executive vice president and CFO of AIG.
In a statement, Fitzsimons said: “Jeanne has tremendous experience and expertise as a procurement professional and I am confident that she will drive continuous improvement and operational excellence in delivering procurement initiatives, quality and supplier performance across the enterprise. Just as important, Jeanne will reinforce AIG’s commitment to supplier diversity and delivering meaningful results as we make progress with our Procurement strategy.”
Edwards joined AIG in December 2021 from Precision Castparts where she served as chief procurement officer. Prior to that, she worked at GE for 15 years in various leadership roles in global sourcing for GE’s Aviation and Healthcare businesses.
Edwards’s promotion to chief procurement officer will surely have some overlays with the company’s aim to reach net zero in greenhouse gas emissions by 2050, which it announced a few days ago.
Back then, the company said it was committed to leveraging science-based emissions reduction targets, aligning with the latest climate science in order to meet the goals of the Paris Agreement.
Alongside the net zero GHG emissions target across its underwriting and investments by 2050, or sooner, and the reaffirming of 2021’s operational net zero commitment, the firm also committed to 100% renewable energy for its operations by 2030, or sooner.