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Suncorp appoints Steve Johnston Group CEO

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Suncorp has named Steve Johnston as Group CEO following the departure of Michael Cameron in late May.

Chairman Christine McLoughlin says the board selected Mr Johnston – who had been acting in the role since Mr Cameron’s exit – after a competitive recruitment process that included global and local candidates.

“Steve was the outstanding candidate,” she said. “He has a clear vision for Suncorp’s future, a deep understanding of Australia and New Zealand’s financial services industry and the organisation, as well as high regard and confidence from his colleagues.”

Mr Johnston, 53, joined Suncorp in 2006 and served as CFO since 2013. Prior to joining Suncorp, he was GM Corporate & Government Relations at Telstra and also held senior positions in the Queensland Government.

“I’m committed to ensuring that every Australian has access to affordable, relevant and valuable financial services products, while balancing the needs of customers, communities and shareholders,” he said today.

“We are focused on improving the performance in our banking, wealth and insurance businesses by implementing regulatory change, driving operational excellence and scaling our digital and data capabilities.”

Deputy CFO Jeremy Robson will continue in the Acting Group CFO role while a recruitment process is undertaken to make a permanent appointment.

More details in our regular bulletin this afternoon.