Medibank (ASX:MPL) board directors to retire

Medibank (ASX:MPL) directors Christine O’Reilly and Peter Hodgett will both retire from the health insurer’s board at the annual general meeting in November.

The health insurance provider noted that Ms O’Reilly has been member of the board since 2014 and is currently chairman of the Audit Committee. Mr Hodgett joined in 2013 is currently chairman of the Investment and Capital Committee. 

Medibank chairman Mike Wilkins said both directors have played a critical role in Medibank’s transformation over the past eight years.  The board has begun the process to replace the two directors. 

Shares in Medibank (ASX:MPL) are trading 0.6 per cent lower at $3.54.

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