The Suncorp Group Board has announced Christine McLoughlin as its new chairman, replacing Ziggy Switkowski, AO, who will retire after 13 years on the board.
The next chairman, having been on the board for three years, boasts a broad range of skills and informed views with regard to innovation, disruption of traditional business models and bringing contemporary focus to governance processes, outgoing Switkowski said.
McLoughlin brings more than 20 years of financial services experience to the role. She joined the Suncorp board in February 2015 and is currently the chairman of the Suncorp remuneration committee and a member of the risk committee. Her most recent roles include inaugural chairman of the Australian Payments Council, chairman of Venues NSW, and director of nib Holdings. McLoughlin also served on the boards of Spark Infrastructure and Whitehaven Coal.
“It is an honour to be appointed as the next chairman,” McLoughlin said. “It has been a great experience to serve under Ziggy’s leadership and he leaves Suncorp well positioned for the future.
“As incoming chairman, I will be continuing the conversation on how best to create long-term value for all our stakeholders,” she noted.
McLoughlin said she looks forward to working with fellow directors and the Suncorp management team.
Switkowski, meanwhile, added: “It has been a privilege to serve the company over the past 13 years. I am delighted with the board’s selection of Christine as the next chairman.
“I am confident that Christine will work well with the board, the CEO & managing director Michael Cameron, and senior management team to take this company to the next level of performance.”
McLoughlin will take up her new role after Switkowski’s retirement on September 20.
