ACC Chief Executive Ralph Stewart stepping down

13 June 2012

ACC Chief Executive Ralph Stewart has today announced that he is stepping down from his position.

The following statement was released to staff at ACC a short time ago.

Mr Stewart will not be making further comment and is not available for interviews.

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Good people

The events of recent days and the departure of our Chairman and a number of our Directors, has brought me to the point where I have decided to step down as CEO.

This has been an incredibly hard decision to take and one that I have considered very carefully.

In the relatively short time I have been here I have quickly come to respect ACC’s people, purpose and commitment to supporting the New Zealand way of life. I am deeply frustrated that the benefits of the scheme and the great work we do has been overshadowed by recent events.

You have made great strides on our plan to transform ACC. I’m going to ask you all to keep faith with the plan, which I know is supported by the Minister and has been supported by the Board for many years. Clear and deliberate focus on our customer, the quality and value we add, combined with world class operating performance is the way forward for ACC. It needs all of the team working together to achieve success.

You are a fabulous team, delivering real value for New Zealand. Please don't be distracted by the current events, our key ambition is to ensure that ACC is strong and capable for the future generations we have talked about so often.

I will keep you all informed about developments and the appointment of a new Chief Executive. My focus now is on ensuring a smooth and orderly transition and I will continue to share with you further through our weekly video.

Regards.

Ralph

ENDS

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