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March 26, 2018

AMP CEO to retire at end-2018

Australian wealth manager AMP CEO Craig Meller has announced plans to retire at the end of this year.

“As we move into the next phase of growth, it is the right time to begin the process of moving to new leadership. I remain very focused on executing our strategy and driving the performance of the business until my successor has been appointed and will support the Board to ensure a smooth handover,” Meller stated.

Meller joined the AMP group in 2001 and was named its CEO in January 2014. He held various senior roles at the firm including managing director of financial services.

The bank will now begin to search for Meller’s successor, considering internal and external candidates from domestic or international markets.

AMP chairman Catherine Brenner said: “Craig has led the transformation of AMP over the past five years. The business has a clear and compelling strategy for growth and is performing well.

“As part of our regular discussions on succession, Craig indicated he would like to retire at the end of this year. As it’s important to have continuity of leadership to deliver on our longer-term growth ambitions, Craig and the Board jointly agreed the time is right to begin searching for his successor.”

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