Suncorp reshuffles senior leadership team

In a statement issued to the ASX yesterday, Suncorp said John Nesbitt has been named as the chief executive of the company's banking and wealth business where he will be responsible for product development and pricing and the provision of banking and wealth management services.

Along with Mr Nesbitt, Suncorp's current chief executive of commercial insurance, Anthony Day, has been elevated to CEO of the group's insurance business.

Mr Day will be accountable for product development and pricing, claims management and operational delivery for personal, commercial and life insurance services.

Suncorp also appointed Mark Reinke as chief executive of customer experience; Gary Dransfield as CEO of customer platforms; and Amanda Revis as chief people experience officer.

In addition, Matt Pancino has been appointed to the role of chief information officer; Anna Lenahan has been named as the new chief risk and legal officer; and Clayton Herbert as chief transformation officer.

Meanwhile, Steve Johnston will remain as the group's chief financial officer but will have added responsibility for company-wide procurement while Paul Smeaton has been appointed CEO for the New Zealand business.

"This is the logical next step in achieving the Group's 'one company, many brands' strategy and enables the business to meet the needs of its nine million customers while building a more resilient organisation," Michael Cameron, Suncorp Group CEO, said.

"We will continue to deliver products, services and tools in banking, wealth and insurance across Australia and New Zealand via platforms that create value for our customers. The existing legal entities and governance structures remain unchanged."

"Our investments in simplification and optimisation programs remain highly relevant as they continue to deliver cost efficiencies. Importantly, they are enabling us to improve our customer connections, simplify systems and develop our business intelligence with the security, cost-effectiveness and scalability of the cloud," he said.