The AMP board has appointed an interim chair after the announcement yesterday that current chair, Simon McKeon, will step down.
In a statement to the ASX, AMP announced that Mr McKeon will retire at the conclusion of the AGM in May.
At the same time, board member John Palmer has agreed to become interim chairman until a permanent appointment is made.
"As a result, he will postpone his retirement from the board until a new Chair is in place," the AMP statement said.
Commenting on his retirement, Mr McKeon said: "I am disappointed to leave the board following a change in my circumstances. It has been an honour to be the Chairman of AMP Limited. I have every confidence in the strategy and management team and believe that AMP is well positioned to grow over the long term."
The board thanked Mr McKeon for his contribution to AMP over the past three years and paid tribute to his focus on the opportunities for future growth for the company.
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 16 Nov 2018Government sets $51m to pursue misconductBy Eliot Hastie
- 16 Nov 2018The financial advisers most people don’t read aboutBy James Mitchell
- 16 Nov 2018Clients expect advisers to understand their situationBy Eliot Hastie
- 16 Nov 2018Retirees hit hardest by franking credit changes, says FSCBy Sarah Simpkins
- 16 Nov 2018Trust in advice more important than everBy Stephanie Aikins
- 15 Nov 2018We’ll lose advisers through FASEA but it’s necessaryBy Adrian Flores
- view all
