AMP Limited announced that Chair Debra Hazelton will retire from the Board at the conclusion of this year's Annual General Meeting, to be held on 12 April 2024. AMP Limited Non-executive director Mike Hirst will succeed Ms. Hazelton as the new AMP Limited Chair. Ms Hazelton is stepping down after almost five years as a Non-executive director on the AMP Limited Board, and after serving as Chair of AMP Limited since August 2020.

She was also a Non-executive director of the AMP Capital Board (2018 - 2022). Mike was appointed to the AMP Limited Board as a Non-executive director in July 2021. He was appointed the Chair of the Risk and Compliance Committee in October 2022 and is a member of the Nomination and Remuneration Committees.

At the same time, Mike was appointed to the AMP Bank Board and is Chair of its Risk and Compliance Committee. Mike has more than 40 years of experience in board and senior executive leadership roles within retail banking, treasury, funds management and financial markets. Mike was the Managing Director of Bendigo and Adelaide Bank from 2009 to 2018 and prior to this, he worked in senior executive and management positions with Colonial Limited, Westpac Banking Corporation and Chase AMP Bank.

Mike served as Deputy Chair of the Treasury Corporation of Victoria and previously held non-executive directorships with Austraclear Limited, Colonial First State, Rural Bank and Barwon Health Limited. Mike was a Commissioner on the Federal Government's National COVID-19 Commission Advisory Board, a member of the Federal Government's Financial Sector Advisory Council and was Deputy Chair of the Australian anking Association.