AMP Limited’s new chief executive, Francesco De Ferrari has started his new role effective today.
The company announced the new CEO’s start to work in a formal announcement at the same time as noting that he succeeds Mike Wilkins who had served as interim chief executive since April stating that they would work together to ensure a smooth transition.
De Ferrari will join the AMP Limited Board as an Executive Director at the first board meeting in January 2019 with Wilkins returning to his position as an independent Non-Executive Director on the AMP Board.
Commenting on his start, De Derrari described AMP Limited as being an iconic organisation but one which had faced some of its most challenging days in the past year.
“My immediate priority is to review the business model and develop our new strategy,” he said. The Royal Commission into the Banking and Financial Services Industry has provided an additional impetus for change in our business– and I’m determined we seize the opportunity.”