After overseeing the completion of the AMP/AXA merger and the transition to the new chief executive officer Craig Meller, AMP Chairman Peter Mason has announced his retirement from the board.
Mason, who served eight years as chairman and more than a decade as director, will be replaced by former Macquarie executive Simon McKeon. He agreed to stay an extra year past his planned retirement to oversee the two milestones for the group, and will officially step down at the upcoming annual general meeting in May.
"During the tenure of this board we oversaw the merger between AXA and AMP, which has delivered transformational change," he said.
"Succession planning has always been a key focus of the AMP Board and I am pleased that Simon McKeon will take over from me as chairman when I step down after a full cycle of board renewal."
In his 30-year career McKeon has specialised in corporate mergers and acquisitions and is the chairman of CSIRO.
AMP has also announced that Rick Allert had also announced his intention to retire from the boards of AMP Limited and AMP Bank, having reached the end of his three-year term. As part of the board renewal process, AMP announced that Trevor Matthews would join the AMP Limited Board as a non-executive director, effective 3 March 2014.
