Media Announcement
Board of Directors Changes
31 October 2008
The Australian Consolidated Insurance Limited board of directors announces the appointment of Wayne Miller as its Executive Chairman effective today.
The group recognises the insurance industry need for industry experienced leadership at board level as ACIL seeks to further grow through industry investment and our future Australian Stock Exchange Listing Plans.
Anne-Marie Syme's chairmanship encompassed 3 years and during that time the group has expanded from modest beginnings to an international insurance group placing in excess of $80 million in premiums globally.
Wayne has demonstrated leadership of the group and is best placed to drive the company further toward its expansion goals.
Outgoing Chairman Anne-Marie Syme will remain as a non executive director to continue her involvement and add value to the group's plans.
Any queries please do not hesitate to contact me.
Barrie Rowe
Company Secretary