Australian Unity chair to retire

Peter Promnitz
PETER PROMNITZ
Australian Unity Limited - Chair
DEPARTURE
AUSTRALIAN UNITY LIMITED
Date: 28 July 2022
Position: Chair
By Elizabeth Fry

Peter Promnitz and Greg Willcock have both resigned from the Australian Unity board

The chairman of Australian Unity Peter Promnitz said he would retire as a non-executive director and chair after the firm's annual general meeting in October.

Willcox said he will retire in early September.Promnitz joined the Australian Unity board in 2013 and was appointed chair in 2016.

Lisa Chung, a current non-executive director, has been appointed as chair designate from 1 August and will succeed Promnitz as chair upon his retirement.

Chung has been a director of Australian Unity since 2017.

Before Australian Unity, Promitz held a non-executive director and chair role at Warakirri Asset Management and was a member of the Australian Red Cross Investment Committee.

Promise has more than 40 years' experience in the superannuation and investment sectors, including as Asia Pacific chief executive for Mercer and chair for Australia at Marsh & McLennan.

"The board would like to take this opportunity to thank Promnitz for his significant and valuable contribution to Australian Unity over the past nine years, in particular, the last six years as chair," Australian Unity said in a statement.

Melinda Cilento, a non-executive director, has been appointed as the new deputy chair upon Promnitz's retirement.

The firm also announced the appointments of Lucinda Brogen and Helen Nott as non-executive directors as of Septemb