Tower Limited (ASX:TWR) Appoints Paul Johnston as Permanent CEO
Executive Appointment
Tower Limited has appointed Paul Johnston as its permanent Chief Executive Officer, effective 11 June 2025. Mr Johnston has served as interim CEO since 12 February 2025, demonstrating strong leadership and commitment to advancing the company’s performance. With 20 years of senior experience in the insurance and financial services sector, Mr Johnston has been an invaluable asset to Tower.
Executive Comments
Chairman Michael Stiassny expressed strong confidence in Mr Johnston’s ability to lead the company. “After conducting an extensive executive search, it became clear that Paul’s considerable international experience and strong performance as Tower’s CFO uniquely qualify him to lead Tower into the future. Paul’s strategic and operational experience, together with his sharp focus on insurance profitability and adept navigation of recent complex and challenging market conditions positions him as the ideal candidate to drive Tower’s continued success,” he said.
Mr Johnston shared his enthusiasm for his new role, saying, “I am very proud to be a part of Tower, a company that inspired my return to New Zealand after many years offshore. I am committed to further elevating Tower’s performance through a focused approach on insurance fundamentals and delivering sustainable, profitable growth,” he said.
Leadership Continuity
Tower is commencing a comprehensive executive search for a new permanent Chief Financial Officer (CFO). Interim CFO Angus Shelton will continue to serve until an appointment is made, ensuring stability and continuity of Tower’s financial operations.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
