IAG (ASX:IAG) CEO to stand down

Company News

by Rachael Jones

IAG (ASX:IAG) Managing Director and Chief Executive Officer Peter Harmer has advised the Board of his intention to retire by the end of 2020.

The Board has appointed IAG Chief Financial Officer Nick Hawkins as Deputy CEO with accountability for the management and performance of IAG’s day-to-day operations during the transition period.

IAG CEO Australia Mark Milliner continues to lead the Australian business and remains focused on responding to the bushfire recovery process and challenges of COVID-19.

Michelle McPherson, CFO Australia, has been appointed acting Group CFO.

Shares in IAG (ASX:IAG) are trading 2.9 per cent lower at $6.01.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.