• Grant Hackett appointed as Chief Executive Officer (CEO)
• Rob Coombe appointed as Executive Chairman
• Appointments effective from 1 January 2025

Generation Development Group Limited (ASX: GDG) is pleased to announce the appointment of Mr Grant Hackett as its Chief Executive Officer (CEO) and Mr Rob Coombe as its Executive Chairman, with effect from 1 January 2025. Grant Hackett has been the CEO/Managing Director of GDG's wholly owned subsidiary Generation Life Limited since February 2020 and will cease in this role upon becoming GDG's CEO. The role of CEO/Managing Director of Generation Life will be assumed by Mr Felipe Araujo, currently General Manager Distribution and Marketing. Rob Coombe has been GDG's Chairman since July 2017 and will move to Executive Chairman in order to work more closely with Grant on key strategic initiatives for the Group over the next 12-24 months. The day-to-day operations and running of the Group will continue under Grant's leadership. Grant and Rob have worked closely for the past seven years and look forward to overseeing further growth of the Group.

Grant Hackett's fixed remuneration as CEO is $615,531 per year plus superannuation, subject to review in July of each year, together with previously issued loan funded shares. Rob Coombe's fixed remuneration as Executive Chairman is $250,000 per year inclusive of superannuation.