INSURANCE AUSTRALIA GROUP LIMITED Michelle McPherson has been confirmed into the role of Group CFO after acting in that capacity since joining IAG in April this year.
'I'm pleased to officially appoint Michelle as CFO after six months acting in the role during an exceptionally challenging period. Michelle has more than 30 years' finance experience across multiple industries and I look forward to her ongoing contribution,' Mr Hawkins said.
Mr Hawkins also announced that the Australia Division will be split into Direct Insurance Australia and Intermediated Insurance Australia, effective immediately. As a result, IAG CEO Australia, Mark Milliner, will leave the company at the end of November.
'Mark has enjoyed a long career in insurance and is highly respected in our industry. We have been peers on the executive team for the past four years and I've seen first-hand the significant contribution he's made to our company. I want to personally thank Mark for his help and support and wish him every success for the future,' Mr Hawkins said.
Mr Hawkins said the new operating model will provide greater clarity on roles and responsibilities and is more aligned to IAG's brands and customer propositions.
'The changes announced today will set us up well for success as we continue to focus on delivering a simpler, stronger and more resilient IAG that meets the evolving needs of our customers and communities we serve,' Mr Hawkins said
While an internal and external search is underway, Amanda Whiting, currently IAG Executive General Manager, Consumer Distribution, will be acting Group Executive Direct Insurance Australia. Julie Batch will act as Group Executive Intermediated Insurance Australia, in addition to her current responsibilities leading IAG's Strategy & Innovation division.
Amanda Whiting biography
Amanda has more than 20 years' experience in the insurance industry in both general and health insurance, having held senior roles in these industries as well as telecommunications.
Prior to her appointment into the acting Direct Insurance role, Amanda was Executive General Manager Consumer Distribution in IAG's Australia Division with responsibility for the distribution of brands including NRMA Insurance, CGU Insurance, SGIO and SGIC across multiple distribution channels. She joined IAG from iiNet in 2008.
IAG executive teamManaging Director and Chief Executive Officer - Nick Hawkins
Chief Strategy and Innovation Officer &
Group Executive Intermediated Insurance Australia (acting) - Julie Batch
Group General Counsel and Company Secretary - Peter Horton
Chief Financial Officer - Michelle McPherson
Group Executive Technology and Operations - Neil Morgan
Chief Executive New Zealand - Craig Olsen
Group Executive People Performance and Reputation - Christine Stasi
Chief Risk Officer - David Watts
Group Executive Direct Insurance Australia (acting) - Amanda Whiting
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IAG - Insurance Australia Group Limited published this content on 02 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2020 22:24:06 UTC
