Clark to succeed Minto at TAL
The man who helped turn around Tower Australia Limited’s fortunes and then oversaw its delisting and acquisition by big Japanese insurer, Dai Ichi, Jim Minto, announced his retirement this week.
Minto will remain with TAL until April next year when he will be succeeded by Brett Clark.
The company’s announcement said that the move represented the culmination of a succession transition which had been in the planning phase for some considerable time.
“The TAL Board has been planning for TAL Group CEO succession transition for a considerable period of time and we are pleased to announce the appointment of a very strong internal candidate in Brett following a comprehensive assessment process which included a worldwide benchmarking exercise using external consultants,” TAL chairman, Duncan Boyle said.
“Brett has been a senior executive with TAL for six years and is currently CEO of the TAL Life business division. Brett has made a significant contribution to TAL and we believe he will be a very successful leader of the TAL Group.”
The company announcement said that effective 1 October 2014, Clark would be appointed Deputy Group CEO and will be working on strategy and positioning TAL for the next phase of its evolution.
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