{"id":44865,"date":"2019-05-27T12:13:57","date_gmt":"2019-05-27T02:13:57","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=44865"},"modified":"2019-05-28T23:08:19","modified_gmt":"2019-05-28T13:08:19","slug":"suncorp-ceo-stands-down","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2019\/05\/27\/suncorp-ceo-stands-down\/","title":{"rendered":"Suncorp CEO Stands Down"},"content":{"rendered":"

Suncorp has this week announced its CEO and Managing Director, Michael Cameron<\/strong>, will be leaving the company after almost four years in the role and seven years as a Board member.<\/p>\n

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Outgoing Suncorp CEO, Michael Cameron …now was the right time for change<\/figcaption><\/figure>\n

In a release accompanying this announcement, Suncorp Chair, Christine McLoughlin<\/strong>, said that while Mr Cameron had made a considerable contribution, now was the right time for change. She said this timing will provide the opportunity for Suncorp to enhance its performance in a highly competitive and challenging external environment as Suncorp seeks to strengthen its core businesses by focusing on its customers, products and brands.<\/p>\n

…now was the right time for change<\/h6>\n

The release notes Cameron will remain employed in an advisory capacity until 9 August 2019, following the release of Suncorp\u2019s full year results.<\/p>\n

Suncorp’s Chief Financial Officer, Steve Johnston<\/strong>, has been appointed by as Acting CEO, with Board Chair McLoughlin commenting that Johnston is “…an extremely experienced executive and has a deep understanding of Suncorp\u2019s core insurance and banking businesses,” and that he is best placed to lead Suncorp and build on the Group\u2019s multi-channel capability.<\/p>\n

Suncorp completed the sale of its retail life insurance business, Asteron Life, to TAL earlier this year (see: New Appointee to Head TAL\/Suncorp Integration<\/a>). Part of the acquisition arrangement included TAL signing a 20-year strategic alliance agreement for the sale of life insurance products through Suncorp\u2019s distribution network, including its digital channels, contact centres and store network.<\/p>\n

The release notes the Suncorp Board hopes to be in a position to announce its new CEO in the latter part of 2019 following an internal and external search process.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suncorp has this week announced its CEO and Managing Director, Michael Cameron, will be leaving the company after almost four years in the role and seven years as a Board member.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[249,48],"tags":[],"class_list":["post-44865","post","type-post","status-publish","format-standard","category-appointments","category-company-news"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/44865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=44865"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/44865\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=44865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=44865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=44865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}