AMP Limited chairman, Simon McKeon will retire next month.
The company has announced to the Australian Securities Exchange (ASX) that McKeon will retire at the conclusion of the AMP Limited annual general meeting in May, with John Palmer agreeing to become interim chairman until a permanent appointment is made.
The announcement said that, as a result of this decision, Palmer would be postponing his own retirement from the board until a new chair was in place.
McKeon said that his departure had been prompted by “a change in my circumstances”.
He had been chairman for three years.
Palmer has been a member of the AMP Limited board since July, 2007.
