AMP chairman retires

chairman/amp/annual-general-meeting/AXA/chief-executive-officer/director/

3 March 2014
| By Staff |
image
image
expand image

After overseeing the completion of the AMP/AXA merger and the transition to the new chief executive officer Craig Meller, AMP Chairman Peter Mason has announced his retirement from the board.

Mason, who served eight years as chairman and more than a decade as director, will be replaced by former Macquarie executive Simon McKeon. He agreed to stay an extra year past his planned retirement to oversee the two milestones for the group, and will officially step down at the upcoming annual general meeting in May.

"During the tenure of this board we oversaw the merger between AXA and AMP, which has delivered transformational change," he said.

"Succession planning has always been a key focus of the AMP Board and I am pleased that Simon McKeon will take over from me as chairman when I step down after a full cycle of board renewal."

In his 30-year career McKeon has specialised in corporate mergers and acquisitions and is the chairman of CSIRO.

AMP has also announced that Rick Allert had also announced his intention to retire from the boards of AMP Limited and AMP Bank, having reached the end of his three-year term. As part of the board renewal process, AMP announced that Trevor Matthews would join the AMP Limited Board as a non-executive director, effective 3 March 2014.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS