Chair to retire from TCorp board

TCorp, the investment and financial management partner of the NSW public sector, has announced that Philip Chronican will retire from its board, effective 30 September 2019.

Chronican, who joined the TCorp board on 1 November 2009 and was appointed chair in June 2016, has been on a leave of absence since 1 March 2019 following his appointment as acting group CEO of NAB. He has since also been appointed as NAB's incoming chair, replacing Ken Henry.

David Deverall, chief executive of TCorp said: "Phil's appointment to Chair of TCorp was a milestone. Traditionally chairs of TCorp were secretaries of Treasury. His appointment was a change to that convention and this marked an important shift to the governance of TCorp."

Michael Pratt, secretary of NSW Treasury added: "TCorp is a very important partner to the NSW Government and NSW Treasury in particular. I would like to acknowledge the outstanding leadership that Phil has demonstrated both as chair and director over the past 10 years."

Peter Warne, who has served as interim chair since 1 March 2019, will continue in this role, TCorp said.