nib Group announced the appointment of Mr. Nick Freeman as Group Chief Financial Officer (CFO). Mr. Freeman is expected to commence early in the fiscal 2021 financial year. Mr. Freeman is a Chartered Accountant with more than 25 years' experience in accounting and finance. He is currently CFO and Company Secretary of Mayne Pharma, with responsibility for end-to-end company CFO and Company Secretary responsibilities. Mr. Freeman's appointment comes following the announcement on 23 December 2019, that nib's current Group CFO, Mrs. Michelle McPherson notified the company of her resignation. Mrs. McPherson will leave the organisation on 20 March 2020, with Mr. Glenn Treadwell who is currently nib's CFO Corporate to step into the role of Acting Group CFO until Mr. Freeman joins nib. nib also announced a number of senior management changes designed to significantly reduce operating costs and better align the company's organisational structure with strategic priorities including the creation of its new joint venture with USA based and global health insurer Cigna.