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AUSTRALIA'S NRMA INSURANCE GROUP CHAIRMAN STEPS DOWN.
SYDNEY, April 2 Asia Pulse - Nicholas Whitlam, chairman of NRMA Insurance Group Limited (NIGL) (ASX:NRM) and the man responsible for steering the company through one of the country's biggest demutualisations from a public to a private corporation resigned as chairman of the company at the weekend.
Nicholas Whitlam, NIGL chairman since 1996, said he would remain a director of the company, but would concentrate his efforts on the NRMA where he would continue as president.
The timing of the announcement was influenced by a six month review of NIGL this week, where future directions were to be outlined.
"The management proposes the strategy and the board determines the strategy, and obviously the chairman plays a leading role in that and if I was not going to be around over the next phase, I felt it was important to make sure others could come forward and take that leadership role," Mr Whitlam said tonight.
His leadership was plagued by controversy in recent months amid public bickering with another director Anne Keating and allegations surrounding leaks to the ...
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Source: HighBeam Research, AUSTRALIA'S NRMA INSURANCE GROUP CHAIRMAN STEPS DOWN.