Genworth Australia has made a number of additions to its Australian board as it prepares for its minority initial public offering.
The company has announced the appointment of Ian MacDonald as a non-executive director and remuneration committee chairman.
MacDonald spent 34 years at National Australia Bank in a number of senior roles including group chief information officer. He currently sits on the boards of Araba Bank Australia, Elders Limited, Rural Bank and Tasmanian Public Finance Corporation.
Genworth has also announced that Gayle Tollifson has stepped down from her role as Genworth chair and has been appointed the audit and risk committee chair.
She has over 30 years’ experience in the global finance and insurance markets and currently sits on the boards of Munich Reinsurance Australasia, RAC Insurance and Campus Living Funds Management, Genworth stated.
In addition, current Genworth non-executive Tony Gill has been appointed chairman of Genworth’s capital and investment committee. The banking and securitisation professional currently holds board positions at First American Title Insurance of Australia, Australian Finance Group and Virgin Money Australia.
