Challenger Limited announced that after 18 years with the company, Richard Howes has notified the Board of his intention to step down as Managing Director in March 2022. To support continuity of leadership, long-serving executive Chris Plater, has been appointed to the role of Deputy CEO, effective 16 August 2021. Mr. Plater has significant industry experience and leadership capability, having held a number of roles in the business over more than 17 years with Challenger. His appointment also reflects the important contribution he makes as Chair of the Challenger Life Investment Committee and leader of the Group's operations and technology functions.