PPS loses CFO/COO

General insurer Tower has appointed Len Elikhis as its new CFO, subject to completion of regulatory processes.

Elikhis joins Tower from PPS Mutual, where he has served as Chief Financial and Operating Officer since 2023, leading the establishment and launch of the insurer's New Zealand business. Prior to this, he held senior executive roles at AIA New Zealand and Sovereign. He brings commercial and strategic leadership experience across established and high-growth financial services organisations, with expertise spanning life and health insurance, finance, actuarial, capital management, pricing, investments and business transformation.

Tower Chief Executive Paul Johnston said: "Elikhis's commercial insight, proven experience delivering growth and strategic leadership will be a valuable addition to Tower's executive team as we continue to strengthen our customer proposition and deliver long-term value for shareholders."

Elikhis says: "Tower has a compelling strategy, a track-record of disciplined execution and a customer-focused culture. I look forward to driving its next phase of growth."