Suncorp Chairman Re-Elected At 2021 AGM

Suncorp Chairman Re-Elected At 2021 AGM - Christine McLoughlin

Suncorp Chairman Christine McLoughlin was re-elected as Chairman at the company’s AGM. Duncan West was also elected to the board as a non-executive director, while Sylvia Falzon, Lindsay Tanner and Dr Douglas McTaggart were all re-elected.

McLoughlin opened the meeting by expressing pride for the way Suncorp has responded to the pandemic and the natural disasters of the past year.

“There is hope on the horizon with rising vaccination rates across the country, and it remains the view of your board that Australia and New Zealand’s recovery rests on the successful vaccination of our populations and indeed, the world,” McLouglin said.

“Your board and leadership team are firmly committed to supporting the rapid, safe and effective delivery of the COVID-19 vaccination programme.

“As we approach summer, which unfortunately brings with it natural disaster season, it is vital for our communities that our teams of essential workers – alongside other emergency workers – are able to move freely and safely to the areas where the support is needed immediately.”

Suncorp Group CEO Steve Johnston reflected that in the two years since he was appointed CEO, the company has faced severe bushfires, a global pandemic and a La Nina weather system.

“Today, as shareholders, you have an opportunity to review our performance over the FY21 year. The value we have created can be measured in profits, dividends and valuations. It can also be measured in lives restored, communities supported and futures built and assured,” Johnston said.

“It remains both a great responsibility and a huge privilege to lead this organisation, particularly at a time when we are needed more than ever.

“For Suncorp, in addition to focusing on achieving our three-year plan, we are already looking over the horizon and adapting to the rapidly evolving trends and digital revolution that is shaping our future.

“We have both a realistic plan and an ambition to do much more.”

The event was held virtually and streamed live from Brisbane, with directors and the Chairman logging into the meeting from five different locations across Australia and Singapore.