The Commonwealth Bank of Australia has announced that its Chairman David Turner will retire from the Board at the end of December 2016.
David Turner has been a Board member since 2006, and has served as Chairman since the beginning of 2010. He will be succeeded as Chairman by current Non-Executive Director Catherine Livingstone. Livingstone has been a Non-Executive Director of Commonwealth Bank of Australia (CBA) since March 2016, she was formerly Chairman of Telstra Corporation. She is presently President of the Business Council of Australia and will retire from that role in November 2016.
Livingstone, who was awarded Officer of the Order of Australia in 2008, possesses extensive business and finance experience across a broad range of industries and organisations. She is also a Chartered Accountant.
Her executive career spanned more than 22 years in which she held general management and finance leadership roles, primarily in the medical devices sector and including six years as the Chief Executive Officer of Cochlear Limited.
Livingtone’s appointment as Chairman of CBA will be effective from 1 January 2017.
