- CBA’s incoming CEO Matt Comyn has stripped three senior executives from the management team.
- He wants to create an executive team to “rebuild the trust and pride” in the bank
- Outing going CEO Ian Narev said: “Leadership transitions are inevitably a time of change in senior teams.”
Three senior executives are going from the Commonwealth as incoming CEO Matt Comyn starts to put his personal stamp on the management team and to position the bank to regain “trust and pride”.
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, are all leaving.
Comyn now has four vacancies — including his old position of Group Executive Retail Banking Services — on the 12-member Group Executive to fill.
No replacements were announced and Comyn made it clear the changes are about rebuilding community trust in the bank following a series of scandals which has all the big four banks being investigated by a royal commission.
The bank also faces legal action over more than 53,700 alleged contraventions of anti-money laundering laws.
Today’s departure announcement was made jointly by CEO Ian Narev and Comyn, who takes over on April 9.
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.”
Comyn says he’s started 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 well-being of every customer we serve,” says Comyn.
The three leaving:
David Whiteing. The Group Executive Enterprise Services and Chief Information Officer will step down in April. He joined CBA in September 2013 and was appointed Group Executive Enterprise Services and Chief Information Officer in July 2014.
Kelly Bayer Rosmarin. The Group Executive Institutional Banking and Markets will also depart in April. She has been with CBA since 2004. She has held several senior executive positions across both the Institutional and Business Banking divisions.
Melanie Laing. She was appointed Group Executive Human Resources in 2012. She has given notice of her intention to retire and will leave CBA by the end of the 2018 calendar year.