Regulator announces chief executive resignation

Chair says the organization is "disappointed" to see him go

Regulator announces chief executive resignation

The FMA has announced the departure of its Chief Executive Rob Everett, who will be leaving the organisation towards the end of September.

FMA Chair Mark Todd said the FMA was “disappointed” to see Everett go, and said he had done an “outstanding job” as the organisation’s second Chief Executive.

“Rob has been, and will continue to be, a truly outstanding leader of the FMA, who will leave a lasting legacy. He has the greatest respect both within the FMA and among our many stakeholders,” Todd said.

“While we are naturally disappointed that Rob will be leaving us, we recognise that, after seven years in the role, he is ready for a well-deserved break and a change.”

“Looking ahead, the FMA’s regulatory remit is expanding with the implementation of financial adviser reforms and the introduction of new legislation to provide for the regulation of conduct for banks and insurers,” Todd added.

“The timing of Rob’s departure creates an opportunity for the next CE to advance this work.”

Commenting on his departure, Everett said he has enjoyed his time with the FMA, but has not yet made a decision about his next role.

“I’m absolutely committed to working closely with the Board and the new Chief Executive to ensure an orderly transition,” Everett said.

“In the meantime, we have a lot of work in front of us so it will be business as usual for us while the Board undertakes its search for a new Chief Executive.

“My focus is to support the Board and ensure we don’t drop any balls in the months ahead. I intend to take a good break over the summer to consider my next move.”