Steadfast Group announces the planned retirement of co-founder and CEO Robert Kelly AM, initiating a structured leadership transition with a new CEO expected by August 2026.
- Robert Kelly AM to retire as Managing Director & CEO
- Board engaged Spencer Stuart for CEO search
- Internal and external candidates considered
- Kelly to remain as non-executive director post-retirement
- New CEO appointment expected with FY26 results in August
A Founding Chapter Closes
Steadfast Group Limited, Australasia’s largest general insurance broker network, has announced a significant leadership transition with the planned retirement of its Managing Director and CEO, Robert Kelly AM. Mr Kelly, who co-founded Steadfast in 1996 and led its ASX listing in 2013, has been instrumental in shaping the company’s growth and international expansion.
Under his stewardship, Steadfast has evolved into a dominant player in the insurance brokerage sector, with operations spanning Australia, New Zealand, Singapore, London, and the USA. The company places approximately $25 billion in gross written premium annually, supported by a portfolio of underwriting agencies and a Lloyd’s broking operation.
A Thoughtful Transition Plan
The Board and Mr Kelly have agreed on a leadership transition plan following extensive succession discussions. To ensure a smooth handover, Steadfast has engaged global executive search firm Spencer Stuart to conduct a comprehensive search for the next CEO. Both internal executives and external candidates are being considered, reflecting confidence in the existing leadership team while remaining open to fresh perspectives.
The Board expects to announce the new CEO alongside the release of the FY26 financial results in August. Meanwhile, Mr Kelly will transition to a non-executive director role, maintaining continuity and leveraging his deep industry relationships. He will stand for election at the next Annual General Meeting.
Legacy and Future Prospects
Mr Kelly expressed pride in Steadfast’s achievements and confidence in the company’s business model, which he believes positions the group well for sustainable shareholder value. Chair Vicki Allen paid tribute to his leadership, highlighting his pivotal role in building Steadfast’s market position and growth trajectory.
This leadership change marks a pivotal moment for Steadfast, balancing respect for its founding vision with the need to adapt and innovate in a competitive and evolving insurance landscape. Investors will be watching closely to see how the new CEO shapes the company’s strategic direction and growth ambitions.
Bottom Line?
Steadfast’s leadership handover will test the resilience of its business model and market confidence in the months ahead.
Questions in the middle?
- Who will emerge as the frontrunner in the CEO search?
- Will the new CEO signal strategic shifts or maintain the current growth path?
- How will the market respond to Kelly’s transition and ongoing board role?