SUNCORP LIFE BOSS RESIGNS

Written on the 30 June 2015

SUNCORP LIFE BOSS RESIGNS

SUNCORP Group (ASX:SUN) has reshuffled its life insurance management team, with CEO Geoff Summerhayes to step down at the end of September.

The Suncorp Life head will remain with the group in an advisory positon until January 2016, to serve on the Financial Services Council board and respond to the Trowbridge Report.

Vero New Zealand CEO Gary Dransfield will return to Australia to take the helm in the interim.

Summerhayes says there is good momentum within Suncorp Life, signalling an appropriate time for a leadership transition.

"It is performing in line with expectations and customer and employee metrics are high," Summerhayes says.

"The time is now right for me to pursue other opportunities. I've thoroughly enjoyed my time at Suncorp and wish the team well in taking the business forward."

Dransfield has more than 25 years retail financial services experience, and joined Suncorp in 2009. He was appointed CEO at Vero New Zealand in 2011.

Suncorp CEO Patrick Snowball says Summerhayes has demonstrated exceptional leadership during a challenging period at Suncorp Life.

"I thank Geoff for his valuable contributions to the company over the past seven years and wish him every success in his new ventures," he says.

Statutory claims commercial insurance manager Paul Smeaton will replace Dransfield as CEO at Vero.


Latest News

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.
...

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a...

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up ...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter