Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

AMP's Craig Meller to retire at end of 2018

AMP's Craig Meller to retire at end of 2018, search begins for new CEO

By Jonathan Underhill

March 26 (BusinessDesk) - AMP said chief executive Craig Meller will retire at the end of 2018, rounding out a 17-year career with the Australian wealth manager.

Meller was promoted to CEO in January 2014, having started in its UK division in 2001 before shifting to Australia a year later as managing director of AMP Banking. Chair Catherine Brenner will lead the search for his successor and will consider internal and external candidates, the company said in a statement.

"Craig has led the transformation of AMP over the past five years," Brenner said. "The business has a clear and compelling strategy for growth and is performing well. As part of our regular discussions on succession, Craig indicated he would like to retire at the end of this year."

Until Meller steps down, he "will continue to drive the company and deliver on our strategy through 2018 and has indicated his flexibility to work with the board to ensure a smooth and orderly leadership transition," she said in the statement.

The shares last traded at A$5.24 on the ASX and have gained about 18 percent in the time Meller has been CEO.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: