Swanson would depart at the end of June and the board had appointed Nadine Gooderick to take over.
Gooderick was currently the firm’s group executive for technology and development, having joined in October 2020 as general manager for transformation. She was promoted to the group executive role in August 2022 with responsibility for the firm’s technology, data and marketing.
Prior to joining ClearView, she spent almost 25 years at RGA Reinsurance including eight years as chief operating officer for Australia and New Zealand.
In her new role, she would receive a fixed remuneration of $650k per annum and may be eligible for a $325k short-term incentive for each completed financial year. She may also be eligible for a $585k (target) and $325k (significant stretch) long-term incentive in the capital of ClearView for each financial year.
ClearView chair, Geoff Black, said: “The board would like to thank Simon for his immense contribution and dedication to ClearView and the broader life insurance industry.
“As the Group’s inaugural managing dierector, Simon has led ClearView to become one of Australia’s leading life insurance companies.
“Nadine is a well-respected, proven business leader with over 25 years life insurance experience working across the Asia Pacific region. Through this experience, Nadine has brought fresh ideas and disciplines to ClearView since joining in 2020, reinforcing the board’s preference for an internal appointment.”
Swanson said: “It has been my privilege to lead this great business for the past 12 years. Our vision, when we established this business, was to be a dynamic challenger and differentiate ourselves by being easy to do business with and by delivering a superior customer experience. I am extremely proud of what we have achieved”.
even a minnow company pays their executives way too much. the former CEO will no doubt be able to sail away on his yacht, and the new one nearly a $1m a year plus $1m in stock. They only make a small profit and according to the Royal commission, lost a lot of money on unethical adventures. No heads roll, in fact they pay retention bonuses for the executives. The haves v the have nots….