Simon McKeon, who was diagnosed with multiple sclerosis in 2001, has stepped down as chairman of financial services giant AMP.
“I am disappointed to leave the board following a change in my circumstances,” the mergers and acquisitions specialist said in a statement.
The former Australian of the year, former Macquarie bank executive and former chairman of the CSIRO has been chairman of AMP since May 2014.
He was paid $622,000 at AMP.
Fellow director John Palmer is postponing his retirement to act as interim chairman until a replacement can be found.
Palmer said: “We wish Simon the best for his future.”
In its latest full year results, AMP posted a 10% rise in profit to $972 million as its grew its wealth management business in Australia and expanded globally.