Current CFO appointed to top spot
Correction: The original article referenced the retirement of the AMP Bank CEO. AMP Bank is a subsidiary of the broader AMP group. Sean O’Malley remains Group Executive of AMP Bank
AMP has announced the retirement of Alexis George as chief executive officer, effective 30 March.
George has led AMP – one of Australa's most prominent second-tier lenders – since 2021, having led the bank through a large-scale technological transformation. She will be replaced by Blair Vernon, AMP's current chief financial officer.
“AMP has undertaken significant transformation to become a simpler, customer-focused, and growth-oriented organisation. I am proud of our achievements over the past five years, particularly helping our customers retire with confidence," said George.
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"While it was not an easy decision to retire from executive roles, I am confident that AMP is well positioned for future success. Leading AMP, a company integral to Australia and New Zealand, has been an honour. I wish Blair and AMP continued success and will remain a strong supporter," she added.
AMP chair Mike Hirst said: “On behalf of the Board, I thank Alexis for her dedicated service and leadership at AMP. Alexis has guided AMP through a significant transformation that has streamlined the organisation and focused each business on its strongest growth opportunities. She stabilised the business and oversaw the successful sale of
AMP Capital and the Advice business whilst building a customer focused culture.
“Alexis has advanced AMP’s transformation and culture and delivered strategic initiatives that will underpin the next phase of growth. In particular, her clear achievement of building a strong executive team will ensure continued momentum in the business and position AMP for future success. I wish Alexis well for the future."
Incoming chief executive Blair Vernon (pictured, right), who was unequivocally approved by the Board to take the position, said: “It’s a privilege to take on the leadership of AMP, a company with a proud legacy of serving the financial needs of Australians and New Zealanders.
"AMP is delivering against its strategy, and I look forward to continuing to work with my colleagues in executing our strategic ambitions and delivering positive outcomes to customers, shareholders, communities and colleagues. I want to thank Alexis for her incredible contribution to AMP and all its stakeholders, and for her support over so many years. I wish her well for the future and look forward to continuing to work with her during our transition.”
The search for a new chief financial officer is underway.
