CBA unveils revamped leadership team

InvestorDaily

Commonwealth Bank of Australia (CBA) is set to welcome a revamped executive leadership team following the departure of two senior executives next year. In a statement to the ASX on Wednesday, CBA chief executive Matt Comyn explained the bank’s chief risk officer, Nigel Williams, and group executive for human resources, Sian Lewis, are set to retire in February 2025. “With two members of CBA’s executive leadership team indicating their decision to retire from CBA in 2025, we have taken the opportunity to make changes to the team as part of the long-term, consistent execution of our strategy,” he said.

“These changes provide both continuity and renewal, balancing experience and external perspectives.” The refreshed leadership will comprise internal promotions as well as external appointments, the bank indicated. Chief risk officer Williams, who will remain a director of ASB, the group’s New Zealand banking and funds management businesses, will be succeeded by the bank’s group executive for institutional banking and markets, Andrew Hinchliff.

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