IAG NZ CEO Amanda Whiting Departs; Successor Search Underway

Amanda Whiting, the Chief Executive Officer of IAG New Zealand, is resigning from her position to move back to Australia for family reasons. The resignation, announced to the NZX, will be effective from October 31. IAG is identified as New Zealand’s largest insurer, with brands that include AMI, State, NZI, NAC, Lumley, and Lantern.

Whiting was appointed to the CEO role in July 2021. IAG Group CEO and Managing Director, Nick Hawkins, acknowledged Whiting’s leadership during her tenure, particularly through significant natural disasters including the Auckland Anniversary weekend floods and Cyclone Gabrielle. He credited her with helping customers by settling claims during these challenging periods.

Leadership Transition

Following Whiting’s departure, Wayne Tippet will step in as the acting CEO, effective November 1. Tippet currently holds the position of IAG NZ Executive General Manager for Direct Insurance. A search is now underway to find a permanent successor for the CEO role.

Financial Performance

The article notes that IAG NZ’s insurance profit experienced a significant decline, falling 77% to A$39 million in the six months leading up to December 31. During the same six-month period, the parent company, IAG group, saw its net profit after tax rise by 26% to A$468 million.

Key Points

• October 31: Effective date of Amanda Whiting’s resignation.
• July 2021: The month and year Amanda Whiting took up the role of CEO.
• November 1: The date Wayne Tippet will become acting CEO.
• 77%: The percentage decrease in IAG NZ’s insurance profit for the six months ending December 31.
• A$39 million: IAG NZ’s insurance profit for the six months ending December 31.
• 26%: The percentage increase in IAG’s group-wide net profit after tax for the same six-month period.
• A$468 million: IAG’s group-wide net profit after tax for the same period.

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