Suncorp Chairman re-elected at 2021 AGM
Vaccination, climate change and natural hazard resilience topped the agenda at this year’s Annual General Meeting (AGM).
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Suncorp Chairman Christine McLoughlin AM was re-elected as Chairman at this week's AGM and opened by expressing pride for the way Suncorp has responded to the pandemic and the natural disasters of the past year.
“There is hope on the horizon with rising vaccination rates across the country, and it remains the view of your Board that Australia and New Zealand’s recovery rests on the successful vaccination of our populations and indeed, the world,” Ms McLouglin said.
“Your Board and leadership team are firmly committed to supporting the rapid, safe, and effective delivery of the COVID-19 vaccination program.
“As we approach summer, which unfortunately brings with it natural disaster season, it is vital for our communities that our teams of essential workers – alongside other emergency workers – are able to move freely and safely to the areas where the support is needed immediately.”
The value we have created can be measured in profits, dividends and valuations. It can also be measured in lives restored, communities supported and futures built and assured.
Suncorp Group CEO Steve Johnston
Suncorp Group CEO Steve Johnston reflected that in the two years since he was appointed CEO, the company has faced severe bushfires, a global pandemic and a La Niña weather system.
“Today, as shareholders, you have an opportunity to review our performance over the FY21 year. The value we have created can be measured in profits, dividends and valuations. It can also be measured in lives restored, communities supported and futures built and assured.
"It remains both a great responsibility and a huge privilege to lead this organisation, particularly at a time when we are needed more than ever."
#Our performance
$1,064m
Group cash earnings – up 42%
$1,033m
Group net profit after tax – up 13%
40cps
Final ordinary dividend, fully franked
From the challenges of today, talk turned to our longer-term risks and opportunities, including the issues on which we advocate for change: climate change and natural hazard resilience; financial wellbeing; mental health; diversity and inclusion; and a fair, sustainable and equitable regulatory playing field.
Mr Johnston also reaffirmed Suncorp’s three-year business plan, which is centred on four strategic foundations.
People
Enhancing our skills and way of working to reflect the changing needs of our business
Customer
Driving stronger relationships through products and services that meet our customer’s needs
Digital & data
Delivering value faster through smart, simple and trusted digital experiences
Advocacy
Being a voice for change on the topics that matter most to our customers, communities, people and industry
“For Suncorp, in addition to focusing on achieving our three-year plan, we are already looking over the horizon – and adapting to the rapidly evolving trends and digital revolution that is shaping our future,” Mr Johnston said.
“We have both a realistic plan and an ambition to do much more.”
The event was again held virtually and was streamed live from Brisbane, with directors and the Chairman dialling into the meeting from five different locations across Australia and Singapore.
Duncan West was also elected to the Board as a Non-executive Director, and Sylvia Falzon, Lindsay Tanner and Dr Douglas McTaggart were all re-elected.
