Suncorp names new CEO

Suncorp names new CEO

Long-term Suncorp (ASX: SUN) employee Steve Johnston (pictured) has been named as the new CEO and managing director of the Brisbane-based financial services business.

He replaces former CEO Michael Cameron who resigned after four years in the role.

Johnston joined Suncorp in 2006 and has held various executive positions in the company, most recently as acting group CEO. Prior to this he was the group CFO.

Additionally, Johnston has previously held executive roles at Telstra and senior positions in the Queensland government.

Chairman Christine McLoughlin says Johnston's 14 years of experience with the company leave the business in capable hands.

"Steve was the outstanding candidate. 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 a high regard and confidence from his colleagues," says McLoughlin.

"Steve's vision for our company leverages our strong digital foundations, embraces an innovation mindset, builds on our customer-centric culture and invests in the capability of our people."

Deputy CFO Jeremy Robson will continue in the acting group CFO role while the recruitment process is undertaken to fill Johnston's old position.

Shares in Suncorp are up 0.44 per cent to $13.74 per share at the opening of trade.

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