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Commonwealth Bank announces changes to executive team

Chief Executive Officer of Commonwealth Bank, Ian Narev, and the incoming Chief Executive Officer, Matt Comyn, have today announced changes to the Bank’s senior executive team.

Melanie Laing, Group Executive Human Resources, Kelly Bayer Rosmarin, Group Executive Institutional Banking and Markets, and David Whiteing, Group Executive Enterprise Services and Chief Information Officer, will leave the Bank in the coming months.

The changes are being announced ahead of Mr Comyn assuming his new role on 9 April 2018.

Mr Narev said: “Leadership transitions are inevitably a time of change in senior teams, as executives reassess their own plans, and the Bank prepares for its future. Today we are announcing the departure of three high calibre executives who have contributed significantly to CBA.”

“We thank them for their leadership, and wish them all the very best for the future,” Mr Narev said.

“I join Ian in thanking Melanie, Kelly and David for their service to CBA over the years,” Mr Comyn said.

Mr Comyn said he has commenced the search processes for these positions and that the global search for his current position of Group Executive Retail Banking Services is progressing well.

“As incoming CEO I am focused on building an executive leadership team that will work to exceed the expectations of our customers, the community and regulators; rebuild the trust and pride in our Bank; and enhance the financial wellbeing of every customer we serve,” Mr Comyn said.

Re-disseminated by The Asian Banker

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