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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