Andrea Slattery has been appointed to the board of AMP effective from the 15th February, ending the board’s current run at being made up of men only.
Eight men currently make up the AMP board following the exodus of four female board members in 2018. This time last year AMP boasted a board that was 50 per cent female.
The Australian Institute of Directors released its latest board diversity report yesterday, finding that there are four boards that remain female-free zones, including AMP, ARB Corporation, Emeco and TPG Telecom. The number of all male boards on the ASX 200 is down from 26 in 2015.
Slattery has 26 years of experience in financial services, superannuation and retirement, including as co founder of the SMSF Association, which she led for 14 years. She has also served on a number of high-profile board and advisory committees across listed companies, and across the commercial, not-for-profit and government sectors.
She is currently on the boards of the Clean Energy Finance Corporation, Argo Global Listed Infrastructure and the South Australia Cricket Association.
AMP Chairman David Murray said on the appointed that Slattery’s extensive experience as a business leader and non-executive director, along with being an expert in change, will bring a strong mix of skills to the board.
“Andrea has built trusted relations with government, industry and consumers, and been a strong advocate for the self-managed superannuation industry, and financial services in general. Andrea’s insights into financial advice, wealth management and superannuation will be very valuable to AMP as we continue to simplify and reset our business.”