Former chairperson of IOOF steps down from board

Former IOOF chairperson George Venardos will retire from the company's board in late November.

Venardos has been a director since 2009 and served as chairperson from 2016-2018. In a statement, the company said that Venardos made a significant contribution to IOOF's strategic evolution during that time.

Current chairman Allan Griffiths said, "George has served the IOOF Board with professionalism, bringing a wide range of financial services and corporate experience to our board. He played a significant part in driving IOOF's growth through multiple acquisitions and divestments."

Venardos said, "It has been a privilege to serve as a Director and Chairman. I have always sought to act in the best interests of the Group and all its stakeholders and am pleased that the future should see IOOF continuing to go from strength to strength. I wish the Board, management and staff every success in their continued focus to deliver superior outcomes to IOOF members and clients."