Tereora will take up the position in February 2022 following current CEO Brian Gibbon's decision to retire.
Automobile Association board president Gary Stocker said Nadine was the best candidate to take the AA on the next stage of its journey.
“Her leadership experience in the financial services industry is extensive and varied, making her one of the leading and most innovative executives in the sector. We have worked with her before when she was CEO at Asteron Life, our joint venture partner on AA Life Insurance, and have held her in high esteem for many years.
“More importantly, Nadine is an exceptional people leader. She intuitively understands the importance of the service culture which is at the heart of the AA, and has a natural drive towards customer innovation. She understands that we are here to serve our Members, and for the greater public good,” Stocker said.
Nadine has most recently been the COO of Partners Life, the second-largest insurance company in NZ, and assumed the role after four years as the CEO of Fidelity Life from 2016 to 2020, during which time she played a central role in securing a $100m cornerstone investment by the NZ Super Fund to drive innovation and growth.
Nadine’s 2014 appointment to Asteron Life, where she served as CEO and executive general manager, distinguished her as the first female CEO of a Suncorp Group company, just as she will also be the AA’s first female CEO.
She has been a Financial Services Council Board Member since October 2016, serving as chair of the Life Insurance Committee, and a founding member of the Diversity and Inclusion Committee.
Gibbon is to retire in January 2022 after 30 years leading the AA as the only CEO it has known, and the ten years prior as CEO of the Wellington (Central) Automobile Association which he joined in 1982.
