Debra Hazelton steps down as chair of AMP

Debra Hazelton steps down as chair of AMP

Debra Hazelton

Debra Hazelton will leave the board of AMP after almost five years, including as Chair since 2020.

AMP is rare among ASX 200 entities, having had both a female CEO and female chair in place since 2021, when Alexis George was appointed CEO.

Both Hazelton and George led AMP in the fallout from the banking royal commission, as well as through issues that plagued its AMP Capital arm. They also came to the helm just three years after AMP’s once gender-equal board became all-male, when three female board members stepped down at the same time following investor scrutiny and shareholder pressure.

AMP announced Hazelton’s retirement this morning, with former CEO of Bendigo and Adelaide Bank Mike Hirst appointed as her replacement.

Hazelton took the lead on the board after former chair David Murray stepped down in 2020 following pressure on the board over its decision to appoint Boe Pahari as AMP Capital CEO, despite knowing he’d been ordered to pay a financial penalty for sexually harassing a subordinate.


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