AMP CEO to step down

The announcement comes following five years in the top job

AMP CEO to step down



One of Australia’s biggest banks will soon be looking for a new CEO after its current head publicly confirmed his resignation yesterday morning.

Craig Meller, CEO at AMP, said he was proud to have worked with the bank for the past five years but ultimately felt retirement was beckoning.

“It has been a privilege to lead a company with the history and heritage of AMP,” he said. “As we move into the next phase of growth, it is the right time to begin the process of moving to new leadership.”

With an eye on the end of 2018 for a departure date, Meller also said he was committed to ensuring a seamless transition between leaders.

“I remain very focused on executing our strategy and driving the performance of the business until my successor has been appointed and will support the board to ensure a smooth handover,” he said.

Catherine Brenner, chairperson at the AMP, also thanked Meller for his stellar performance and dedication to the job.

“Craig has led the transformation of AMP over the past five years,” she said. “The business has a clear and compelling strategy for growth and is performing well.”

Brenner also said the bank would be considering internal and external candidates from both the domestic and international markets.

“Our announcement today is designed to ensure the search process can be as transparent and comprehensive as possible,” said Brenner.

“Craig 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.”

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