Suncorp CEO exits

Suncorp chief executive and managing director, Michael Cameron has stepped down and will leave the company.

Suncorp has announced Cameron’s departure to the Australian Securities Exchange (ASX) today saying that he would remain with the company until 9 August to ensure a smooth transition.

It said the board had appointed chief financial officer, Steven Johnston as Acting chief executive.

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The ASX announcement said that the company had a robust approach to internal succession planning and that it was in a strong position to supplement its search to identify external domestic and international candidates who would also be considered in the selection process.

It said the board hoped to be in a position to announce a new chief executive in the second part of the year.

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