by Susan Edmunds
Chair Catherine Brenner said: “Craig has led the transformation of AMP over the past five years. The business has a clear and compelling strategy for growth and is performing well.
“As part of our regular discussions on succession, Craig indicated he would like to retire at the end of this year. As it’s important to have continuity of leadership to deliver on our longer-term growth ambitions, Craig and the board jointly agreed the time is right to begin searching for his successor.
“Our announcement is designed to ensure the search process can be as transparent and comprehensive as possible.
“Craig will continue to drive the company and deliver on our strategy through 2018 and has indicated his flexibility to work with the board to ensure a smooth and orderly leadership transition.”
Meller said: “It has been a privilege to lead a company with the history and heritage of AMP. As we move into the next phase of growth, it is the right time to begin the process of moving to new leadership.
“I remain very focused on executing our strategy and driving the performance of the business until my successor has been appointed and will support the board to ensure a smooth handover.”
A spokeswoman said it would not make a difference to New Zealand beyond a change in leadership.
"We’re listed on the New Zealand stock exchange and New Zealand is obviously an important market for us."
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