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Suncorp announces leadership shake-up

Suncorp has “streamlined” its leadership team, which includes the departure of CEO Insurance Anthony Day.

MD Michael Cameron believes the changes will enable “fast-track delivery” of the company’s strategy.

The customer platforms, customer experience and strategic innovation functions have been combined into a single customer marketplace function. Former CEO Strategic Innovation Pip Marlow has been appointed as CEO of this new function.

Mr Day, who is also President of the Insurance Council of Australia, will be replaced as CEO Insurance by the present CEO Customer Platforms, Gary Dransfield.

Chief Customer Experience Officer Mark Reinke will move into an advisory role reporting to Mr Cameron, focusing on activation of the group’s marketplace strategy.

CFO Steve Johnston, who leads the finance and advice function, will also assume responsibility for legal and company secretariat.

Mr Day departs after almost a decade with the company, and Chief Legal Officer Kate Olgers has also decided to leave.

“Over the past 12 months, we have embedded a new strategy and operating model,” Mr Cameron said in a statement to the ASX. “A more streamlined senior team will deliver the strategy more efficiently and effectively.

“We have brought together our customer-facing and innovation teams to fast track the delivery of our market commitments, and to create more value for our customers.”

More details in our regular bulletin on Monday.

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