Bank CEO to step down

Suncorp Group has announced that banking & wealth CEO David Carter will be stepping down from his role in early 2020 to take on the role of group CEO of Queensland-based motoring body RACQ.

Mr Carter joined Suncorp in 2006*, assuming the role of banking and wealth CEO in September 2016. 

The bank is yet to announce his replacement, but noted that it is currently conducting a “robust recruitment process” to identify internal and external candidates from Australia and abroad. 

Suncorp group CEO Steve Johnston thanked Mr Carter for his service. 

“David has been a great contributor to the leadership team, and on behalf of everyone at Suncorp, we wish him well in his new role,” Mr Johnston said.

“We are now well placed to continue to build on this success and leverage the investments we have made.” 

Mr Carter added: “It has been an honour to work at Suncorp and be a part of the banking & wealth team’s journey over the past five years, especially during a period of unprecedented change.

“I’m proud of many achievements but mostly the genuine commitment and care team members demonstrate every day to support our customers and the progress we have made digitising the business making it easier for our customers.

“Suncorp has provided me many wonderful opportunities, and I’d like to thank everyone I have worked with over the years for their support.”

Suncorp has also announced that its group general counsel, Belinda Speirs, has been appointed to the senior leadership team, and will report directly to the group CEO, effective immediately.

Ms Speirs will also assume responsibility for company secretariat, bringing together legal, corporate and board governance under one team.

“Belinda has done an outstanding job over the past six years at Suncorp, including leading the group’s response to the royal commission. She will prove a valuable addition to our senior leadership team,” Mr Johnston  said.

[Related: Suncorp appoints new CEO]