The Commonwealth Bank (CBA) has announced the appointment of Kate Howitt (pictured above left) as an independent non-executive director, effective from Oct. 1, pending regulatory approval.
This appointment is part of the bank’s ongoing commitment to board renewal and strategic leadership.
Howitt brings a wealth of experience in strategy, capital allocation, and sustainability, having held senior roles at Fidelity International, AMP Capital, and The Boston Consulting Group.
She currently serves on several finance and investment committees, including those of the University of New South Wales and The Hunger Project Australia.
“We are delighted to welcome Kate Howitt to the board,” said CBA Chair Paul O’Malley. “Her extensive expertise in corporate strategy, financial management, and stakeholder engagement will be a significant asset to CBA.”
In conjunction with Howitt’s appointment, CBA announced that long-serving independent non-executive director Anne Templeman-Jones (pictured above right) will retire following the 2024 annual general meeting (AGM).
Since joining the board in March 2018, Templeman-Jones has been a pivotal leader, particularly as chair of the board audit committee.
O’Malley expressed gratitude for Templeman-Jones’ contributions.
“Anne’s deep expertise in banking, financial services, operational risk, and audit has been invaluable to CBA. We thank her for her significant contributions over the years,” the CBA chair said.
Following Templeman-Jones’ retirement, Peter Harmer will take over as chair of the board audit committee.
The CBA board plans to appoint an additional non-executive director in the next 12 months to ensure continued strong leadership.
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