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  • AMP (AMP) appoints Alexis George as its new Chief Executive Officer, effective from August 2
  • Ms George joins AMP from ANZ, where she served as Deputy Chief Executive Officer
  • The news follows allegations from ASIC that AMP took money from more than 2000 deceased customers
  • AMP shares last traded at $1.21 at 9:40 am AEST

AMP (AMP) has appointed a new Chief Executive Officer, effective from August 2.

The role comes with a $1.71 million annual salary and a short-term incentive equivalent to 100 per cent of the salary for on-target performance.

Ms George joins AMP from ANZ, where she served as Deputy Chief Executive Officer. She brings with her over 25 years’ experience in the financial services industry in Australia and overseas.

The news follows market regulator ASIC alleging the financial services group took money from more than 2000 deceased customers, despite being notified of their deaths.

“While there is no optimal time for transition, the board and I agreed that for AMP to deliver on the next phase of its ambitious transformation, at this juncture long-term certainty of leadership is critical for our business, our employees and our clients,” said Francesco De Ferrari, AMP’s outgoing CEO.  

“Leading AMP, a business that is part of the fabric of Australia and New Zealand, is a privilege. I wish Alexis and AMP only the best and you can count on me to continue cheering for its success from the sidelines.”

Alexis George will assume the role following Francesco De Ferrari’s retirement on June 30. James Georgeson, AMP’s Chief Financial Officer, will serve as Acting CEO for the period until Alexis George joins the team.

AMP shares last traded at $1.21 at 9:40 am AEST.

AMP by the numbers
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