Australian Unity Chair Peter Promnitz to retire, with Lisa Chung taking over

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Peter Promnitz (pictured above left) is ending his close to 10-year association with Australian Unity, with the last six years as Chair of the nation’s first member-owned wellbeing company.

Australian Unity, which is spending $125 million transforming its former 15-storey head office, located opposite Albert Park Lake in South Melbourne, into a new residential aged care development dubbed The Alba, made the announcement to the ASX on 27 July, praising Peter’s “significant and valuable contribution”.

Lisa Chung (pictured above right), who has been on the Board since 30 June 2017, has been appointed as Chair Designate with effect from 1 August and will succeed Peter as Chair upon his retirement.

Lisa is also a director of a number of Australian Unity subsidiaries; Chair of the People, Culture & Remuneration Committee; and a member of the Audit Committee, Investment Committee and Risk & Compliance Committee.

She is currently Chair of The Front Project; a director of AV Jennings, Warren and Mahoney and Artspace/Visual Arts Centre Limited; and a Trustee of the Art Gallery of NSW Foundation.

Melinda Cilento (pictured right), who has been on the Board since 1 May 2014, has been appointed as Deputy Chair Designate with effect from 1 August. She will become Australian Unity’s Deputy Chair upon Peter’s retirement.

Australian Unity’s Independent & Assisted Living portfolio covers aged care, retirement living, home care, Aboriginal home care and allied health services.