TAL has announced that Group CEO, Jim Minto, will step down from his role, to be replaced by Brett Clark in April next year.
Mr Minto, who has been at the head of the Australian division of TAL (formerly TOWER) since 2002, will retire next year, handing the reigns to Mr Clark. From 1 October, Mr Clark, currently the CEO of TAL Life, will become Deputy Group CEO, working on positioning TAL for its next phase of growth, before formally taking on the Group CEO role from 1 April 2015.
Mr Clark has worked with the insurer for the past six years, and has over 25 years’ financial services experience, having worked across strategy, finance, sales and product in both Australian and international markets.
TAL Chairman, Duncan Boyle, said: “It is with great pleasure that we announce the appointment of Brett Clark as TAL Group CEO effective from 1 April 2015. This coincides with the planned retirement of current TAL Group CEO Jim Minto. Jim will remain with TAL until the year end process is completed in the first half of 2015.”
“The TAL Board has been planning for TAL Group CEO succession transition for a considerable period of time and we are pleased to announce the appointment of a very strong internal candidate in Brett following a comprehensive assessment process which included a worldwide benchmarking exercise using external consultants.”
Mr Clark said he was excited to be given the opportunity to lead TAL. “It is a privilege to be able to work with all the people at TAL. We believe sincerely in the work we do to help millions of Australians when they need us most. TAL insures 1 in every 4 working Australians,” Mr Clark said.
