Generation Life co-CEO, MDs step down

Generation Life co-CEO and managing directors Catherine van der Veen and Lucy Foster have resigned from the organisation.

In a statement on the ASX, the company said it was due to personal circumstances.

Current Generation Development Group (GDG) CEO and former Australian Olympic swimmer Grant Hackett will step down from his position with GDG to assume the position of chief executive at Generation Life in February.

GDG executive chair Rob Coombe extended his thanks and gratitude for the contributions that van der Veen and Foster have made during their time with Generation Life. "They have left us with a strong platform and pipeline of growth initiatives which [Hackett] will continue to support in his new role."

Foster joined Generation Life just over two years ago, following the rebrand from Austock Life. Before joining the organisation, she was the executive manager of wealth management strategic planning and advisory. She also has experience with CommInsure and KPMG in Australia and the UK.