Chronican to retire from TCorp board

Philip Chronican will retire as chairman of the TCorp board, effective 30 September 2019.

He had been on a leave of absence since 1 March 2019 after his appointment to the role of interim group chief executive officer of National Australia Bank Limited (NAB).

TCorp said Peter Warne would continue in the role of interim chair which he had begun on 1 March 2019.

TCorp was the the investment and financial management partner of the NSW public sector, and Chronican had joined the board on 1 November 2009 and was appointed chair on June 2016.

David Deverall, chief executive of TCorp, said Chronican’s appointment to chair of TCorp had been a milestone for the company.

“Traditionally chairs of TCorp were secretaries of Treasury. His appointment was a change to that convention and this marked an important shift to the governance of TCorp,” Deverall said.