Former Telstra chairperson, Catherine Livingstone will be the next chair of the Commonwealth Bank of Australia (CBA), succeeding David Turner who will retire from the board at the end of this year.
Livingstone’s succession to the chair was announced to the Australian Securities Exchange (ASX) today.
Turner had been a member of the CBA Board since 2006 and chairman since the beginning of 2010.
Livingstone has been a non-executive director of CBA since March 2016. She was formally chairman of Telstra Corporation and chief executive officer of Cochlear. She is presently president of the Business Council of Australia and will retire from that role in November 2016.
