Suncorp chair Ziggy Switkowski to retire, to be replaced by Christine McLoughlin
Ziggy Switkowski will retire from the board of Suncorp in September and will be replaced by Christine McLoughlin.
Suncorp chairman Ziggy Switkowski will retire from the board of financial services giant in September and be replaced in the role by Christine McLoughlin.
Dr Switkowski will end his seven-year stint at the company’s annual general meeting, when Ms McLoughlin — a former Whitehaven Coal and Spark Infrastructure director — will take over.
Ms McLoughlin is currently the chairman of Suncorp’s remuneration committee, was the inaugural chairman of the Australian Payments Council, and is also a director of health insurer nib.
Dr Switkowski said he was delighted with the selection of his successor.
“In her three years on the board, Christine has demonstrated a broad range of skills relevant to financial services,” he said.
Ms McLoughlin said: It has been a great experience to serve under Ziggy’s leadership and he leaves Suncorp well positioned for the future.
“It continues to be a time of great change, and some stresses, for financial institutions, and I look forward to embracing both the opportunities and challenges this brings.”
AAP
Super funds flex political muscle with UK reform push
A group of Australian industry funds has teamed up with British pension funds to push for vital reforms to make it easier to invest in the UK’s net zero transition.
Savers will pay the price once RBA cuts rates, says Morgan Stanley
Major lenders will cut their rates on savings accounts to prop up their margins once the Reserve Bank begins to cut interest rates, Morgan Stanley predicts.