AMP Limited has announced the appointment of Peter Fredricson as its new chief financial officer (CFO) and a member of the firm’s executive committee.
Mr Fredricson will be responsible for leading the financial and strategic activities of AMP across financial control, statutory and regulatory reporting, performance reporting, tax, investor relations, treasury, M&A, strategic sourcing and workplace experience.
Mr Fredricson is an experienced ASX CFO and was most recently acting CEO and CFO of Oil Search, where he oversaw the merger with Santos. Prior to that, he was CFO of the energy infrastructure business, APA Group.
Additionally, he has 15 years of experience in financial services and investment banking with Merrill Lynch, Tower Corporation and Grant Samuel.
Mr Fredricson will be reporting to AMP’s chief executive officer, Alexis George.
Commenting on the appointment, Ms George said she is “very pleased to have someone of Peter’s calibre and experience joining the team at this critical point in our transformation.”
“Peter will play a key role in helping accelerate our strategic growth plan.”
Mr Fredricson will succeed current CFO James Georgeson, who has held senior finance positions across AMP’s Australian and New Zealand businesses since joining in 2001.
Since stepping into the role of CFO in 2020, Mr Georgeson has overseen the divestment of a number of businesses and supported the transformation of AMP.
Mr Georgeson announced that it is the right time to explore new opportunities with the divestment programmes now concluded and the sales of the AMP Capital businesses progressing towards completion.
“James leaves AMP with a strong finance team in place, which is well-positioned to continue to support the delivery of our strategy. I wish James all the very best for the future and thank him for his substantial contribution to AMP,” Ms George said.
Mr Georgeson will support Mr Fredricson through a transition period in Q1 2023.
