Mutual lender CUA has announced that former PwC partner Nigel Ampherlaw has been elected as its new chairman and will take up the position from 14 November.
Current CUA chairman Alan Beanland is retiring after eight years in the role. He has been a member of CUA’s board since September 2009 and was elected as chairman later the same year.
MrBeanland is the first CUA chairman to retire under CUA’s maximum nine-year term for non-executive directors – a policy he introduced during his time on the board to ensure CUA’s leadership group would continue to benefit from new perspectives and fresh ideas.
He will be succeeded by Mr Ampherlaw at the conclusion of CUA’s 2017 annual general meeting.
“I am proud of what CUA has achieved in my time as chairman and it’s been a privilege to have been part of that growth and success, particularly celebrating our 70 years of serving members,” Mr Beanland said.
“Today, I can say with confidence that CUA is in a good position to continue driving innovation and building on our member-centric services.”
Mr Ampherlaw joined the CUA board as a non-executive director in March 2011. A chartered accountant by profession, Mr Ampherlaw’s career included 22 years as a partner of PwC. In addition to his position on the CUA board, Mr Ampherlaw is also a director of the Australian Red Cross Blood Service, Grameen Foundation Australia, Quickstep Holdings Limited and Elanor Investor Group Limited.
“Mr Ampherlaw is well placed to continue to lead the team with almost 40 years’ experience in financial services across risk management, technology, consulting and auditing, both here in Australia and within the Asia-Pacific region,” Mr Beanland said.
Mr Ampherlaw said it was an exciting time to become the chairman of CUA as it embraced the challenges of an evolving digital landscape and changing consumer expectations about how they manage money.
“I am honoured to be elected to lead the CUA board through this dynamic next chapter, as we continue to embrace technologies and innovations that will allow us to make CUA available to our members anywhere, anytime,” he said.