Challenger appoints John Somerville and David Whittle to board
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The news: Challenger has appointed John Somerville and David Whittle as independent non-executive directors of Challenger and Challenger Life, as JoAnne Stephenson steps down from the board.
The context: Australia's largest annuities provider said Somerville and Whittle will join the boards on 17 June while Stephenson will retire on 30 June.
Somerville was chief executive and managing director of Slater and Gordon for six years and prior to that spent 20 years at KPMG, where he led the advisory business in Australia and Asia Pacific.
Whittle founded and is an executive director of Lexer, a global software company specialising in customer experience, and is currently a non-executive director for Metcash and Michael Hill.
Stephenson has been an independent non-executive director of the board since 2012. She is chair of the group people and remuneration committee and a member of the group risk, group audit, independent and related party, and nomination committees.
What they said: Challenger chair Duncan West said: “John’s broad expertise leading businesses, which includes designing and implementing governance and risk structures, will be an asset as we continue to grow our leading retirement and income franchise.
“David brings a strong focus on customer and digital innovation, which will be highly valuable as we progress our digital transformation and execute the next phase of our strategy to meet more customer needs across a broader range of channels.”
“JoAnne has made a significant contribution to our business during her tenure. Her experience and dedication are deeply appreciated by the Board and management team, and we wish her all the best for the future.”
The source: ASX
