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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Jacqueline Korhonen

MLC Life Insurance has reinforced its focus on innovation and technology with the appointment of Jacqueline Korhonen to its board as an Independent Non-Executive Director.

Jacqueline has over 30 years’ experience in the technology sector, most recently as Asia Pacific Vice- President of Cognitive Process Transformation Services with IBM. Prior to that she was CEO with Infosys Australia from 2008 to 2014.

MLC Life Insurance Chairman, Peter Grey, said: “With the backing and significant investment of Nippon Life, we are committed to leading Australia’s life insurance industry in technology and innovation in order to deliver a great experience for our customers while being responsive to their changing expectations. Attracting people of Jacqueline’s calibre, with extensive experience with some of the world’s biggest IT companies, will enhance our leadership in service of our customers.

Jacqueline’s appointment follows a number of significant hires for the life insurer in 2018. Sarv Girn, former Chief Information Officer at the Reserve Bank of Australia, was appointed to the newly created role of Chief Innovation and Transformation Officer. In addition, MLC Life Insurance appointed a new Chief Information Officer, General Manager of Data and Analytics and General Manager of Sourcing and Partnerships.

The appointments will play a crucial role in driving the company’s $500 million investment into new systems and technology to better serve customers. Strong progress has been made to date, including the launch of new digital capabilities such as LifeView and our new underwriting rules engine, the Digital Underwriting Platform. Both capabilities make it easier for customers to manage their cover online, and get underwritten more quickly and effectively.

Speaking about her appointment, Ms Korhonen said: “I am thrilled to be joining the MLC Life Insurance board and believe my experience will further support the company’s investment in people, technology, innovation and processes. MLC Life Insurance has a clear vision to deliver a great experience for customers, supported by world-class technology, and I’m excited to play my part in that.”

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