Suncorp has announced chairman Dr Ziggy Switkowski AO will retire from the board after its AGM on 20 September 2018.
Christine McLoughlin has been chosen to take over as chairman following Switkowski's retirement.
Switkowski has been a Suncorp board member since 2005 and has operated as chairman of the group since 2011.
Switkowski said he was pleased with the selection of McLoughlin and highlighted her view towards innovation and disruption as keys for the company's future success.
“It has been a privilege to serve the company over the past 13 years.
“I am delighted with the board's selection of Christine as the next chairman. In her three years on the board, Christine has demonstrated a broad range of skills relevant to financial services.
“This includes having an informed view with regards to innovation and the disruption of traditional business models, as well as bringing a contemporary focus to governance processes within the group.”
McLoughlin said she was pleased to work alongside Switkowski and highlighted creating long-term value for stakeholders as part of her key goals.
“It is an honour to be appointed as the next chairman. It has been a great experience to serve under Ziggy's leadership and he leaves Suncorp well positioned for the future.
“It continues to be a time of great change, and some stresses, for financial institutions, and I look forward to embracing both the opportunities and challenges this brings.
“As incoming chairman, I will be continuing the conversation on how to best create long-term value for all our stakeholders.
“I look forward to working with my fellow directors and the Suncorp management team to continue to shape the Suncorp of tomorrow for our shareholders, customers and communities.”