"We will see a flattening of our structure with increased accountability to drive success in each of the business areas," he said.
Four internal appointments were announced and an external process had begun to fill three other key positions.
Some of the key roles in New Zealand which are yet to be filled are a ceo for direct retail general insurance business, a ceo for intermediated risk business which include Health & Life.
Tony Hildyard, who has been with Tower Asset Management for more than 15 years has been confirmed as the chief executive investment New Zealand which includes Tower Asset Management business and other wholesale and retail fund offerings.
John De Zwart, previously chief financial officer of Tower Australia, had been appointed group chief financial officer.
William Giesbers, previously group chief financial officer, has been appointed group general manager.
David Callander, previously head of operations for Tower Australia has been appointed chief executive officer of risk for Australia.
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