AMP Faces Leadership Shift: Can Vernon Sustain Growth After George’s Exit?
AMP Limited has appointed Blair Vernon as its new CEO, succeeding Alexis George who will retire after steering the company through major transformation. Vernon’s promotion promises continuity and a focus on growth.
- Blair Vernon named AMP Group CEO effective 31 March 2026
- Alexis George to retire after five years of transformative leadership
- Vernon’s CFO experience ensures smooth leadership transition
- Board confident in Vernon’s ability to drive AMP’s next growth phase
- Search underway for new Chief Financial Officer
Leadership Transition at AMP
AMP Limited has announced a significant leadership change with Blair Vernon appointed as the new Group Chief Executive Officer, effective from 31 March 2026. This follows the planned retirement of current CEO Alexis George, who has led the company since August 2021. George’s tenure was marked by a period of substantial transformation, including the successful divestment of AMP Capital and the Advice business, and a renewed focus on customer-centric growth.
Continuity and Experience in Leadership
Blair Vernon, currently AMP’s Chief Financial Officer, brings over 30 years of financial services experience across Australia and New Zealand. His deep involvement in AMP’s recent strategic initiatives, including the capital return program and business simplification efforts, positions him well to continue the momentum established under George’s leadership. The Board’s rigorous search process concluded that Vernon’s breadth of experience and proven track record make him the ideal candidate to guide AMP through its next growth phase.
Reflections on Alexis George’s Legacy
Alexis George leaves behind a legacy of stabilising and streamlining AMP’s operations while fostering a culture focused on customer outcomes. Her leadership saw AMP navigate complex market challenges and emerge as a simpler, more focused organisation. George expressed pride in the company’s achievements and confidence in its future, underscoring her commitment to a smooth transition and ongoing support post-retirement.
Looking Ahead, Strategic and Executive Changes
Alongside the CEO transition, AMP has initiated a search for a new Chief Financial Officer, signalling further executive reshaping. Vernon's new CEO contract includes a competitive remuneration package with performance-linked incentives, reflecting the Board’s expectations for strong leadership and delivery. The company’s focus remains on executing its strategic ambitions, enhancing shareholder value, and maintaining its role as a trusted financial services provider in Australia and New Zealand.
Bottom Line?
AMP’s leadership handover marks a pivotal moment, setting the stage for sustained growth under Blair Vernon’s stewardship.
Questions in the middle?
- Who will be appointed as AMP’s next Chief Financial Officer?
- What strategic priorities will Vernon focus on to drive AMP’s growth?
- How will the market respond to this leadership transition in the short term?
