AMP chairman announces retirement
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.
Recommended for you
Two commentators have shared why cultural alignment can be the biggest deal breaker when it comes to advice M&A and how to ensure a successful fit.
With an abundance of private market options coming to market, due diligence becomes increasingly important as advisers separate the wheat from the chaff, adviser Charlie Viola has said.
The Treasury has launched a consultation into how the $47 million special levy for the Compensation Scheme of Last Resort will be funded.
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
