WW Anons the clean up is on!

AMP Chairman Catherine Brenner quits

Chair of AMP Catherine Brenner has announced her resignation after the board called an emergency Sunday meeting to discuss the future of the bank.

Informing shareholders this morning, Brenner said she was "deeply disappointed" by the revelations that emerged about AMP's services during the royal commission.

"As Chairman, I am accountable for governance. I have always sought to act in the best interests of the company and have been in discussions with the board about the most appropriate course of action, including my resignation," said Brenner.

"The Board has now accepted my resignation as Chairman as a step towards restoring the trust and confidence in AMP."

Mike Wilkins, the non-executive director charged with managing the company after the sudden departure of CEO Craig Meller, will lead the board as interim executive chairman.

AMP is facing possible criminal charges after the royal commission discovered the bank continued to charge “orphan clients” fees for financial advice despite offering none.

https://finance.nine.com.au/2018/04/30/07/57/amp-chairman-catherine-brenner-resigns