Commonwealth Bank of Australia CEO to Retire End of FY 2018
The Chairman of the Commonwealth Bank of Australia, Catherine Livingstone AO announced Managing Director and Chief Executive Officer, Ian Narev will retire by the end of the 2018 financial year.
” CBA CEO, Ian Narev Expected to Reitre End of FY 2018 “
The exact timing is dependent on search process. “Succession planning is an ongoing process at all levels of the Bank. In discussions with Ian we have also agreed it is important for the business that we deal with the speculation and questions about his tenure.”
Source: Official Press Release
About Commonwealth Bank
The Commonwealth Bank is Australia’s leading provider of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. The Group is one of the largest listed companies on the Australian Securities Exchange and is included in the Morgan Stanley Capital Global Index. It was was founded under the Commonwealth Bank Act in 1911 and commenced operations in 1912, empowered to conduct both savings and general banking business. Today, the bank has grown to a business with more than 800,000 shareholders and 1,100 branches nationally.
- Origin : Sydney, Australia
- Assets : $933.1 billion
- Revenue : $24.6 billion
- Employees : 52,000
Official Website: www.commbank.com.au
News & Media: Press Release
Updated on 8th August 2016