Retiring From The Suite
The CEO Magazine - ANZ|September 2018

Senior Executives Might Move Into Retirement Knowing Financial Security, But Money Doesn’t Necessarily Mean Happiness.

Lachlan Colquhoun
Retiring From The Suite

Global car giant Toyota cut the number of paid advisory positions handed to top executives after retirement from 61 down to nine in June this year. For a company well known for looking after its people over the long-term, this was a significant move.

Where previously many C-suite executives could rely on Toyota from the professional cradle to grave, now more will have to make their own plans and create their own retirement solutions.

While Toyota’s move is a particular case, the decision is an example of how retirement for the C-suite is changing. For an increasing number of executives across the Asia–Pacific region, the move to retirement is not the easy segue into board positions, consulting and golf that many might have imagined.

The reality is that today most executives, while they may be financially comfortable in retirement, will have to work a little harder at reinventing themselves and structuring their lives to make retirement enjoyable and fulfilling.

Tim Roche is the Australian country manager for ManpowerGroup Australia and has been advising C-suite executives on their careers for more than two decades. From his recent experience with a number of retirement-age executives, he has observed two trends.

“I’ve seen the ones who have planned it and the timing has been all theirs,” says Roche. “One in particular was head of a functional area in a global bank and had carefully crafted his exit. He had been manoeuvring towards it for a number of years and the exit was part of his planning process.

This story is from the September 2018 edition of The CEO Magazine - ANZ.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the September 2018 edition of The CEO Magazine - ANZ.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE CEO MAGAZINE - ANZView All
There Were No Unknowns For Us
The CEO Magazine - ANZ

There Were No Unknowns For Us

Putting discipline at the core of figurehead construction helped it survive both the global financial crisis and the covid-19 pandemic, says managing director Joe Grasso.

time-read
5 mins  |
September 2021
The Future Is Digital
The CEO Magazine - ANZ

The Future Is Digital

We are watching a lot more television as a result of the pandemic, but as the senior vice president, head of streaming for 10 viacomcbs Liz Baldwin explains, the way we view it has totally changed.

time-read
10 mins  |
September 2021
The Ultimate Investments
The CEO Magazine - ANZ

The Ultimate Investments

With the global economic recovery from the pandemic underway, many analysts are suggesting now is the time to invest – but will whisky, soybeans or bitcoin find a way into your portfolio?

time-read
5 mins  |
September 2021
Once in a LIFETIME
The CEO Magazine - ANZ

Once in a LIFETIME

CO-FOUNDER AND MANAGING DIRECTOR OF INTEGRITI PROJECTS ANDREW STENOS IS BUILDING MORE THAN BESPOKE HOMES. HE’S ALSO BUILDING DREAMS FOR CLIENTS WHO KNOW EXACTLY WHAT THEY WANT.

time-read
4 mins  |
September 2021
PUTTING FAMILY FIRST
The CEO Magazine - ANZ

PUTTING FAMILY FIRST

COUNTRY LIVING HOMES MANAGING DIRECTOR MARK RAVENSCROFT HAS OVERSEEN IMPRESSIVE GROWTH, BUT NEVER LOST SIGHT OF WHAT MAKES THE SOUTH AUSTRALIAN CONSTRUCTION BUSINESS SUCH A SUCCESS.

time-read
4 mins  |
September 2021
“A SAFER COMMUNITY IS MY MAIN PRIORITY”
The CEO Magazine - ANZ

“A SAFER COMMUNITY IS MY MAIN PRIORITY”

ULTIMATE SECURITY CEO NASSIM SAID HAS BUILT A HIGH-TECH SECURITY ORGANISATION FROM THE GROUND UP, ALWAYS WITH COMMUNITY SAFETY IN MIND AND AN INSISTENCE ON FAMILY VALUES.

time-read
5 mins  |
September 2021
We Did It Our Way.
The CEO Magazine - ANZ

We Did It Our Way.

WHEN STEVEN SIMEONI FOUNDED TAS CITY BUILDING, HE KNEW HE WANTED TO DO THINGS DIFFERENTLY.

time-read
3 mins  |
September 2021
FROM PRECISION TO PREZZEE
The CEO Magazine - ANZ

FROM PRECISION TO PREZZEE

A COMMERCIAL PROPERTY BARON AT 24, PRECISION GROUP BILLIONAIRE SHAUN BONÉTT HAS BUILT HIS CAREER ON UNDERSTANDING THE RETAIL MARKET. NOW HE’S INTRODUCING PREZZEE, THE DIGITAL GIFT CARD PLATFORM THAT’S CHANGING THE WAY WE GIVE.

time-read
10+ mins  |
September 2021
HIGHWAY STAR
The CEO Magazine - ANZ

HIGHWAY STAR

IN REGIONAL AUSTRALIA, WHERE TRUCKS ROUTINELY NAVIGATE VAST STRETCHES OF HIGHWAY, THE ROAD BETWEEN AGRIBUSINESS AND COMMUNITY IS SHORT. DENILIQUIN FREIGHTERS IS AN OLD HAND AT THAT ROUTE, WHICH CEO VICKI MEYER SAYS IS ITS MOST IMPORTANT ONE.

time-read
4 mins  |
September 2021
BENEATH THE SHEETS
The CEO Magazine - ANZ

BENEATH THE SHEETS

A GOOD NIGHT’S SLEEP GOES A LONG WAY TOWARDS MENTAL WELLNESS, AND AH BEARD CEO TONY PEARSON BELIEVES THE OFT OVERLOOKED MATTRESS IS THE ESSENTIAL INGREDIENT.

time-read
4 mins  |
September 2021