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Appointment of Director – Mr Craig Drummond

Director Appointment1 June 2021AFIFinancials

2 June 2021

The Manager

ASX Market Announcements

Australian Securities Exchange

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Level 4

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Sydney NSW 2000


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Australian Foundation Investment Company Limited (the “Company”)

Appointment of Director – Craig Drummond


The Board is pleased to advise that Mr Craig Drummond has been appointed as a Non-

Executive Director of the Company, with effect from 1 July 2021.


Craig was Chief Executive Officer of Medibank Private Limited from 2016 to 2021. He has

had over 30 years’ experience in the financial sector – Group Executive Finance and

Strategy at NAB from 2013 to 2016; Bank of America Merrill Lynch as Chief Executive Officer

and Country Head from 2009 to 2013, Goldman Sachs JBWere (1986 to 2009), in various

roles (including being a leading investment analyst and subsequently Director of Research

and Investment Strategy)

culminating in being appointed Chief Executive Officer.


Craig graduated with a Bachelor of Commerce from the University of Melbourne in 1981. He

completed the Advanced Management Program at Wharton University in 2001. Craig is a

Senior Fellow of the Financial Services Institute of Australasia and is a Chartered

Accountant. He has been appointed as a Non-executive Director of Transurban with effect

from 1 July 2021 and is President of the Geelong Football Club. He is also a Finance

Committee member at Ian Potter Foundation.


We are delighted to welcome Craig to the Board. His broad knowledge across various

sectors will be of significant value to our discussions and his depth of experience in senior

executive leadership roles will complement the Board’s existing mix of skills.


John Paterson

Chairman


Please direct any enquiries to:


Mark Freeman

Managing Director

(03) 9225 2122


Geoff Driver

General Manager

(03) 9225 2102


Authorised by the Board of Australian Foundation Investment Company Limited.

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