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Insurance Australia Group (ASX:IAG) - Incoming CEO & Managing Director, Nick Hawkins - The Market Herald
Incoming CEO & Managing Director, Nick Hawkins
Source: NBR
  • Insurance Australia (IAG) has appointed Nick Hawkins as CEO and Managing Director, effective November 2
  • Nick will be replacing former CEO and Managing Director Peter Harmer who announced his intention to resign in April
  • Nick joined IAG in 2001 and was appointed Deputy CEO in April after a 12 year stint as Chief Financial Officer
  • Before joining IAG, Nick was a partner at KPMG where he specialised in financial services for 10 years
  • IAG has ended the day a slight 0.22 per cent in the green with shares trading for $4.54 each

Insurance Australia (IAG) has appointed Nick Hawkins as CEO and Managing Director, effective November 2.

Nick will be replacing former CEO and Managing Director Peter Harmer who announced his intention to resign in April.

Peter will leave the company on November 2 after five years as CEO.

"Peter has been pivotal in creating the innovative and customer-focused company that IAG is today," Chairman Elizabeth Bryan said.

"Under Peter's leadership, IAG has sharpened its focus on delivering better outcomes for customers and their communities while performing well financially," she added.

Nick joined IAG in 2001 and was appointed Deputy CEO in April after a 12 year stint as Chief Financial Officer.

Before joining IAG, Nick was a partner at KPMG where he specialised in financial services. He was in this role for 10 years and worked in the company's Perth, Sydney and London offices.

"I am excited to lead IAG during its next phase of growth and ensure the company emerges from the economic downturn as a strong, resilient organisation," Nick commented.

"I look forward to working with our people and our partners to continue to grow IAG and build on our work to meet the evolving needs of our customers and their communities," he added.

IAG has ended the day a slight 0.22 per cent in the green with shares trading for $4.54 each in a $10.46 billion market cap.


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