These appointments follow Nippon Life’s announcement in December 2024 that it had agreed to acquire 100% of the shares of Resolution Life. On completion of this transaction, which is subject to regulatory approvals and is expected to occur in the second half of 2025, Resolution Life Australasia and Acenda will merge to form one of the largest life insurance businesses in Australia and New Zealand, the Acenda Group.

These appointments will take effect upon completion of the transaction, along with the appointment of Mr Craig Dunn as future Chair of the Acenda Group. Ms Dubé and Mr Stephen are current Independent Non-Executive Directors of the MLC Limited Board while Ms Babbage and Ms Garnon are Independent Non-Executive Directors of the Resolution Life Australasia Limited Board.

Mr Craig Dunn, said: “I welcome the appointments of Melissa, Rosheen, Catherine, and David as future Directors of the Acenda Group Board. Their combined experience in financial services will be instrumental as we guide the Acenda Group into a new era. I look forward to working with them as we develop and enhance our products and services to meet the needs of millions of customers across Australia and New Zealand.”

Ms Jacqueline Korhonen will continue as an Independent Director of the MLC Limited Board, which will become a subsidiary Board of the Group, post completion of the transaction.

Additionally, Mr Rodney Cook will be appointed as Independent Non-Executive Director of Resolution Life Australasia Limited, which will also operate as a subsidiary Board of the Group from completion. He is expected to join the Board in late October 2025.

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Catherine is a professional Non-Executive Director with over 25 years’ business experience in the financial services sector. Catherine currently serves as a Non-Executive Director of Guild Group Holding and Guild Insurance Limited, and Chair of the Guild Group Audit and Risk Committees. She also serves as a Non-Executive Director and Audit Committee Chair for AssetInsure and for Challenger Retirement and Investment Services. She is also a member of the ACT Public Trustee and Guardian Investment Board.

Catherine was Chief Risk Officer at AIG from 2012 to 2019 and is a qualified Actuary with over 25 years’ experience in financial services.

MLCL Chairman, Peter Grey, said: “I’m delighted to welcome Catherine to MLCL Board. Catherine is an experienced Non-Executive Director, with a proven record in delivering sustainable business growth, managing risk and regulatory complexity and motivating organisations to deliver in a competitive landscape. Her understanding of the issues impacting our sector will be important as we execute the next phase of MLCL’s business strategy.

I want to thank Sandra for her many years of service to the MLCL Board. She has played an instrumental role in guiding our business through significant change, including the acquisition of MLCL by Nippon Life and the transformation required to become a standalone life insurer. Sandra leaves MLCL well placed for future success.”

Speaking about her appointment, Catherine said: “I’m very much looking forward to joining MLCL and making a genuine contribution to the Board and the organisation as MLCL seeks to achieve its ambition of becoming Australia’s leading and most trusted life insurer.”

Catherine has a Bachelor of Science in Mathematics from the University of Montreal, is a Fellow of the Actuaries Institute, a Fellow of the Society of Actuaries and a graduate of the Australian Institute of Company Directors.

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