AIA's executive VP and GM, Mark O'Dell, resigns

3 comments - Post a comment

SINGAPORE: AIA Singapore's top man, the executive vice-president and general manager, Mark O'Dell has resigned from the company and has taken leave of absence with immediate effect.

It's believed he's joining a rival insurer overseas, and for someone of his rank, it explains the immediate departure.

In a statement released on Thursday, AIA said that his decision to leave the company is not related to the recent developments at American International Group (AIG). It was a personal decision that he had been planning for some time.

Source.
Interestingly, AIA or rather Mr Dell himself wrote a letter assuring the public that our policy is safe and funds are in placed should there be a liquidation at AIG. It occupied a full page on today's Straits Times. And at the same day, it was announced that he has resigned with immediate effect. Well, it was definitely not a good move even if he had planned to resign on this very day. Just like the Cosco saga few months ago with the retirement of its President, this sort of corporate governance action taken was really damaging to the policyholders/investors' confidence.

Surely there is a better way to handle this resignation properly. What is he thinking? On one side assuring policy holder, on the other, he resign. Even a sec sch kid will think twice before making such an illogical move.

 
This Post has 3 Comments Add your own!
Anonymous - September 24, 2008 at 5:41 PM

Mark O'Dell didn't want to leave AIA during these times. But it's because of company regulation, he was forced to.

Collin Yeo - September 24, 2008 at 11:18 PM

Interesting because we've been hearing about Mark resigning to join another rival company in the news. Care to tell us more?

Anonymous - August 5, 2009 at 8:34 AM

after being forced to leave, he has to go somewhere, and with his credentials, it's logical that he joins another rival company to start afresh.

Post a Comment