Viewpoint: The President's perspective
New board appointments have been made following the retirements oflong-serving director John Minz in March; Duncan Brain from the RACQ Limited and Bank boards at the end of last year (though he remains on the Insurance board until the IAG transaction is complete); and Rob Hubbard, who will leave in September.
On behalf of the board and RACQ team, I want to thank John, Rob and Duncan and wish them well in the future. They have been exemplary directors and tireless and committed advocates for our organisation.
Representing regional Queensland, John has been a valued director on RACQ boards since 2016, a former chair of the Bank board, and former chair of the Audit committee.
Rob has been a board director representing South East Queensland since 2021 and a chair of the Audit committee.
First joining the board in 2021, Duncan has also been a member of the Audit and Risk and Compliance committees and importantly, played a vital role in the IAG transaction to help set up our Club for future success.
Both John and Rob made the decision that it was the right time in their lives to retire and with Duncan’s particular expertise in insurance, he decided now was the time for directors with different skills and expertise to join our board and support and accelerate our 2032 strategy.
I’m pleased to confirm that following a comprehensive recruitment process, in May the board welcomed experienced new directors Mark Rearick and Richard Umbers to fill two of the board-appointed vacancies.
Mark has had an impressive career spanning more than three decades in the automotive industry in Australia, China and the US, serving at board level in Australia and China.
He was president, CFO and VP of strategy for various affiliates of Ford Motor Company in those countries, including as executive chair and president of Ford’s electric vehicle company in China. His skills and expertise will be crucial as we help our members with their mobility needs now and into the future.
Richard is an experienced CEO and board member in the retail, e-commerce, healthcare and logistics sectors.
He has more than 25 years’ experience in consumer-facing organisations and also brings significant digital transformation expertise as we look to enhance our digital offerings across the organisation.
Liz Savage will also be appointed to the board in September to fill the casual vacancy in South East Queensland created by Rob’s retirement.
She will stand for election as a South East Queensland director at October’s AGM.
Liz is an experienced non-executive director in ASX-listed, private, local government and not-for-profit entities in travel, tourism, hospitality, workforce and sport.
With a particular focus on customer, member and loyalty programs and strategic partnerships, Liz’s expertise will be invaluable as we continue to build our Member Benefits program and help ease cost-of-living concerns for our members.
With nominations now closed for the election of directors at the October AGM, I'd like to thank everyone who expressed an interest.
The three directors join us at a special time in RACQ’s history as we celebrate the 100- year anniversary of our roadside assistance business and are well placed with the board to help set us up for the next 100 years.
Leona on a 1937 AJS motorcycle from RACQ’s historic fleet.
As part of our centenary celebrations, we are running a competition encouraging you to share your most memorable roadside assistance stories with us.
We would love to hear from you and I look forward to reading your many stories.
Stay safe everyone.
LEONA MURPHY, RACQ PRESIDENT
More articles
Related topics
-
The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.
Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
RACQ Bank subscribes to the Customer Owned Banking Code of Practice which establishes higher standards than the law requires. The Code reflects modern consumer expectations and developments in approaches to issues such as consumer vulnerability, guarantors, and supporting customers through financial hardship. Please read our Customer Owned Banking Code of Practice page for more information.
RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.