Corebridge Financial, an American multinational financial services company, has announced changes to its Board of Directors.
Alan Colberg has been elected as Chairman of the Board of Corebridge Financial, succeeding Peter Zaffino, Chairman and CEO of AIG, who will step down after serving in the role since November 2021.
Colberg has been a member of the Corebridge Financial Board since September 2022 and was appointed Lead Independent Director earlier this year. Previously, he served as CEO and Director of Assurant.
Jon Gray, President and Chief Operating Officer of Blackstone, will step down from Corebridge Financial’s Board.
Gilles Dellaert, Global Head of Blackstone Credit and Insurance (BXCI), has been appointed to Corebridge Financial’s Board of Directors. Dellaert previously served as Global Head of Blackstone Insurance Solutions and held roles at Global Atlantic Financial Group, Goldman Sachs, and J.P. Morgan.
Following Nippon Life Insurance Company’s acquisition of a 21.6% equity interest in Corebridge Financial from AIG, which closed on December 9, 2024, Minoru Kimura has been elected to the Board. Kimura currently serves as Executive Officer, Regional CEO for the Americas and Europe at Nippon Life Insurance Company.
AIG executives Sabra Purtill and Mia Tarpey are also stepping down from Corebridge Financial’s Board. With these changes, the Corebridge Financial Board of Directors will consist of 11 members.
Alan Colberg, Chair of the Board of Corebridge Financial, commented, “We welcome our newest Board members Minoru Kimura and Gilles Dellaert.”
He added, “Since its IPO, Corebridge has executed against its strategy, delivered strong financial performance and generated substantial value for shareholders. The company has built a strong foundation and remains well positioned to continue delivering for its customers, distribution partners and employees.”
