TEAM EFFORT FOR RACQI BOSS
Written on the 15 July 2010
RICHARD Pietsch (pictured) became chairman of Queensland’s largest insurer as the floods flowed in Mackay, storms battered the Gap and the Gold Coast, all amid the deluge of the global credit crisis. 2008 was perhaps not the best time to become chairman of an insurance company, but that’s exactly what Pietsch did. He has since helped bring RACQ Insurance back into the black with 100 per cent ownership, following a demerger with Suncorp Metway.
The year was a baptism of fire for Pietsch, although ‘baptism of water’ might be more appropriate as Mackay experienced its worst flood in two decades and storms wreaked havoc in South East Queensland.
A corporate ‘event’