Mr Bennett will join Suncorp on 1 July 2020, subject to regulatory approvals.
He joins the banking group from Commonwealth Bank of Australia (CBA), where he spent close to 16 years in managerial and executive roles, including chief information officer of retail and business banking, executive general manager of local business banking, and group executive, business and private banking.
In his time at CBA, Mr Bennett contributed to the bank’s technology modernisation strategy and delivered many transformational projects, including new customer propositions, digitisation of end-to-end processes, risk reduction programs and technology innovations.
Suncorp Group CEO Steve Johnston said Mr Bennett’s successful track record in both technology and commercial roles meant he was well qualified to guide the group’s strategic technology path and digitisation, automation and data initiatives.
“I am pleased that an executive of Adam’s calibre is joining Suncorp as we focus on delivering the best possible outcomes for our customers and our people,” Mr Johnston said.
“Technology is pivotal to delivering our group strategy and the operational, product and customer opportunities we are seeking. I am confident Adam’s deep experience equips him well to deliver significant value.”
Mr Bennett said he was looking forward to joining Suncorp and returning to a technology-focused leadership role.
“I am delighted to be joining Suncorp, a highly purpose-driven and customer-focused organisation,” he said.
“I look forward to working with the technology and business teams to improve the customer experience and deliver on Suncorp’s strategy, leveraging recent investments in digital and data.”
[Related: Suncorp earnings to take $2.7bn hit]
Hannah Dowling is a journalist for mortgage business, the leading source of news, opinion and strategy for professionals working in the mortgage industry.
Prior to joining the team at Mortgage Business, Hannah worked as a content producer for a podcast catering to property investors. She also spent 6 years working in the real estate sector at a local agency.
Hannah graduated from Macquarie University with a Bachelor of Media and Journalism.