TAL has announced that its chair, Duncan Boyle, has decided to retire after eight years leading the board.
Mr Boyle oversaw a number of the company’s biggest moves in its 150-year history, including the acquisitions of the Australian life insurance businesses of both Suncorp and Westpac.
The life insurer has been quick to announce his successor, Mark Joiner.
“Under CEO & Managing Director Brett Clark’s leadership TAL has achieved much in the past few years and the company is in a strong financial and operational position. There is still more to do and TAL is well placed to continue to prosper in the future,” Mr Boyle said.
“I am delighted at Mr Joiner’s appointment and the extensive financial services leadership experience he brings to the role, and I wish him and the team all the best for the next phase of TAL’s development.”
Meanwhile, Mr Joiner will take on the new role after first being appointed to the TAL board just last month as an independent non-executive director.
Mr Joiner is also the current chair of QBE Insurance Group’s Australian and New Zealand subsidiaries, independent Chair of digital property exchange platform PEXA and an independent non-executive director of Latitude Financial Services.
He has previously held senior executive roles in Australia, the UK and the US at National Australia Bank, Citigroup and the Boston Consulting Group.
“I am delighted to be given the opportunity to contribute to the next phase of development for TAL,” Mr Joiner said.
“I have been impressed by the transformation that has taken place over the last decade to establish TAL as the leading life insurer in Australia and look forward to working with the team to maintain that momentum for the benefit of all our stakeholders.”
