Ms Proust has been a director of the AICD since March 2014 and held leadership roles in the public, private and not-for-profit sectors for over 30 years. She is Chairman of Nestle Australia, Chairman of the Bank of Melbourne and a member of the JP Morgan Advisory Council. She is also Deputy Chairman of the Catholic Church’s Truth, Justice and Healing Council.

Ms Proust’s public sector roles in Victoria include Secretary of the Department of Premier and Cabinet, Secretary of the Attorney General’s Department and CEO of the City of Melbourne. Her private sector experience includes eight years at the ANZ Banking Group, and roles at BP Australia and BP International.

“I am honoured to Chair the AICD in a significant period in its growth. I strongly believe in the value of good corporate governance and am excited by the prospect of continuing to build our reputation as the voice of directors in Australia,” Ms Proust said.

“Elizabeth’s appointment will enable the AICD to continue its role of promoting excellence in governance and advocating on behalf of directors. Her passion for issues such as gender diversity and public policy reform will be of great benefit to the organisation as it seeks to increase its impact,” said John Brogden, AICD Managing Director & Chief Executive Officer.

Ms Proust will replace Acting Chair Yasmin Allen, who was appointed when Michael Smith stood aside from the role in September. Mr Smith has resigned from the Board in order to concentrate on his duties as Chair of convenience store chain 7-Eleven.

“We thank Michael for his four years’ dedicated service on the AICD Board, including his more than two years as Chair,” Ms Proust said.

“We thank Michael for his four years’ dedicated service on the AICD Board, including his more than two years as Chair,” Ms Proust said.

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The Australian Institute of Company Directors is committed to excellence in governance. We make a positive impact on society and the economy through governance education, director development and advocacy. Our membership of more than 37,000 includes directors and senior leaders from business, government and the not-for-profit sector.