News: IFL IOOF Holdings Appoints Acting Chairman And Acting Chief Executive Officer

Dec 10 (Reuters) - Ioof Holdings Ltd (IFL) :

• IOOF APPOINTS ACTING CHAIRMAN AND ACTING CHIEF EXECUTIVE OFFICER
• RENATO MOTA, CURRENTLY GROUP GENERAL MANAGER - WEALTH MANAGEMENT, HAS BEEN APPOINTED ACTING CHIEF EXECUTIVE OFFICER
• MANAGING DIRECTOR, CHRISTOPHER KELAHER AND CHAIRMAN, GEORGE VENARDOS, AGREED TO STEP ASIDE FROM RESPECTIVE POSITIONS
• CFO DAVID COULTER WILL REMAIN IN HIS POSITION
• ALLAN GRIFFITHS, A CURRENT NON-EXECUTIVE DIRECTOR OF IFL, IS ACTING CHAIRMAN
• KELAHER AND VENARDOS WILL BE ON LEAVE WHILE THEY FOCUS ON DEFENDING ACTIONS BROUGHT AGAINST THEM BY APRA
• HAS BEEN WORKING WITH APRA ON A 'MANAGED ACTION PLAN' (MAP) TO FORMALISE VARIOUS INITIATIVES
• "WE REMAIN COMMITTED TO ANZ TRANSACTION AND WE ARE WORKING COOPERATIVELY WITH ANZ AS THEY CONSIDER THEIR POSITION."
• CFO DAVID COULTER TO HAVE NO RESPONSIBILITIES RELATING TO MANAGEMENT OF IOOF TRUSTEE COS, WILL HAVE NO ENGAGEMENT WITH APRA DURING PERIOD

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