Ian Stone to retire as RAA Managing Director after 15 years at the wheel
After a successful 15 years as CEO and Managing Director of the State’s largest membership organisation, Ian Stone will has signalled his intention to retire from RAA from 1 August.
Seeking to transition to the next phase of his career in a non-executive capacity, Ian will leave RAA 15 years to the day he took on the Group leadership role.
Ian was appointed as CEO Group Managing Director after three years leading RAA’s Insurance operations. RAA has since established itself as South Australia’s only standalone insurer and the State’s leading personal lines insurer.
RAA President Peter Siebels says the Board has been working closely with Mr Stone on long-term succession planning and he will be greatly missed and leaves a lasting legacy.
“During his time at RAA, Ian has transformed RAA into the modern and diverse business it is today,” Mr Siebels said.
“Ian has been able to retain the values and culture that sets RAA apart and achieve incredible commercial success. Under his leadership, revenue has increased more than five-fold making RAA one of the largest and most successful operations in the State.
“Membership has grown by 26% since Ian took the helm and we now have more than 780,000 members who trust RAA to be there when they need us most.
“Working with the Board, Ian has laid the foundations for current and future success in RAA’s motor, home and travel businesses, established RAA’s innovation capability and new sustainable commercial ventures and is a strong advocate for members and the community.”
Mr Siebels said Mr Stone’s contribution extended beyond State and national borders.
“In his role, Ian represents South Australia on five Boards nationally and internationally so his wider contribution to the industry must also be acknowledged and applauded,” Mr Siebels said.
A process to appoint Ian’s successor has formally commenced and will extend both within South Australia and the broader market.
“It goes without saying that this is one of the most coveted senior executive roles in South Australia,” Mr Siebels said, “and I know RAA will attract incredibly high calibre talent to the position.”
“Ian will remain Managing Director until 1 August, ensuring ample time for the recruitment process and an effective hand-over of responsibilities,” he said.
He said the successful candidate will commence on 1 August 2022 or such other time as agreed by the Board.
RAA is South Australia’s largest member-based organisation with a total income of $524 million last financial year. Mr Stone is only the fifth CEO to lead RAA in its nearly 120-year history.