Integrity Life CEO to retire

Integrity Life CEO Chris Powell will retire later this year, ending a 40-year career in financial services.

CFO Lesley Mamelok has been appointed acting CEO while the board search for a successor.

Chairman Eric Dodd said, "On behalf of the Board, I would like to wish Chris well in his forthcoming retirement. Chris retires knowing that he has made an exceptional contribution to Integrity, having successfully driven the launch of one of Australia's newest insurance companies.

"Integrity Life now has operational momentum, an established market presence, modern, adaptable technology and truly customer and adviser focused underwriting and claims processes".

Powell said, "Having spent the last five years fulfilling my entrepreneurial ambition to launch a disruptive, innovative new life insurer, I'm looking forward to a change of pace, but will continue to support Integrity in any way I can."

Powell has significant experience across a range of financial services, having been a finance manager at State Super, a manager of banking and financial services at CBA, the board chair at Lonsec, and the regional CFO for Zurich in Australia.