Canada Life announces new Chairman as Derek Netherton steps down

Canada Life has announced a new Chairman for the UK as Derek Netherton steps down later this year after 10 years at the helm.


Andy Watson, currently a non-Executive Director at Canada Life Limited, has been appointed, subject to regulatory approval, as incoming Chairman.


Lindsey Rix, CEO, Canada Life UK commented:

“I would like to thank Derek for his direction as he steered the business through an ever-changing economic and regulatory landscape over the past decade while overseeing the company grow from strength to strength. All of us here at Canada Life wish him all the very best for the next challenge.


“I am delighted to welcome Andy as incoming Chairman, having joined the board 18 months ago. Andy brings a wealth of experience with a strong customer focus and wide market experience, and I look forward to working with the Board and UK executive to deliver our strategic priorities and purpose.”


Andy Watson said:

“I look forward to taking over from Derek later this year and thank him for his excellent leadership. I have admired his stewardship of Canada Life Limited and its board since joining the company as a Non-Executive Director.  We have even further ambition for Canada Life in the UK – it’s a great organisation and a great time to be appointed as Chair.”