Forsyth Barr chairman Sir Eion Edgar has retired today from the board of Forsyth Barr.
He was chairman for the past 20 years.
Independent director David Kirk will become chairman after serving on the board for eight years.
Sir Eion (72) said the last 20 years had been a wonderful time to chair Forsyth Barr.
There had been considerable growth across all parts of the business.
"However, there comes time for most things to transition and the great news is the board has unanimously appointed David Kirk to become the chairman.
"I congratulate David on this appointment and know he will do a great job given his experience, skills and insights.''
Mr Kirk is a former All Black captain, leading the team when it won the inaugural Rugby World Cup in 1987.