Why time was right for long-time CEO to quit driver’s seat
AFTER more than a decade leading Queensland's biggest club, well-respected RACQ Group chief executive Ian Gillespie will step down from the coveted role.
Speaking to The Courier-Mail ahead of the announcement today, Mr Gillespie, 63, said the decision to leave had been hard to make and was influenced by his recent battle with cancer.
He said it was the right time for a change of leadership at RACQ, saying the organisation was "very well positioned and in a really good place right now".
"I've been fortunate to work with such a talented, hardworking group of people with a shared passion for what we do," he said. "I know RACQ is in great shape and is well positioned for the exciting future ahead, so now is the right time for me to focus on other things."
Since taking the helm of RACQ in 2006, Mr Gillespie has overseen the reintegration of RACQ Insurance as a wholly owned subsidiary, the creation of RACQ Bank, and the establishment of the RACQ Foundation.
RACQ president and chairwoman Bronwyn Morris said another key achievement under Mr Gillespie's leadership was the transformation of RACQ into a member-centric organisation.
"Ian's record speaks for itself," she said.
"When he accepted the role in 2006, RACQ's membership was 1.1 million, its revenue was $140 million, and its net assets were $480 million. Today our membership is approaching 1.8 million, revenues exceed $1.2 billion and net assets are $1.4 billion."
Mr Gillespie, who will officially step down from the role on December 31, said he had loved every single moment of the job and felt a huge amount of pride for the organisation.
He is looking forward to spending more time with his family, including wife of 42 years Sue, and will continue his involvement with the RACQ Foundation.
The RACQ board will now begin the selection process for Mr Gillespie's replacement.