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CBA appoints new director

The Commonwealth Bank has appointed a former Accenture senior executive to its board to replace the retiring Carolyn Kay.

In a statement to the ASX, CBA announced that Wendy Stops would become a director of the board effective immediately.

Prior to joining CBA, Ms Stops was senior managing director of technology, Asia Pacific, at Accenture.

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"Ms Stops is an experienced, senior management executive in the information technology and consulting sectors," the statement said.

"[She] has had a global career that has seen her work and live in countries including Malaysia, Singapore and the USA,” it said.

CBA chair David Turner said Ms Kay, who has been a director of the bank since March 2003, will resign from her role effective 31 March 2015.

“[Ms Kay] has been a member of various board committees including risk, remuneration and audit committees,” the CBA statement said.

“As a former banker, lawyer and experienced company director, Ms Kay has been highly regarded for her expertise in the finance sector and experience across a broad range of industries and geographies."

CBA appoints new director
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