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Commonwealth Bank announces new CEO

Macquarie National News
Article image for Commonwealth Bank announces new CEO

The Commonwealth Bank has promoted head of retail banking Matt Comyn to replace Ian Narev as the company’s CEO.

The 42-year-old Head of Retail Banking will take over the top job on April 9.

There had been calls, in the wake of the Austrac money-laundering allegations, for CBA to recruit an external chief executive with a mandate for cultural change.

Mr Comyn will receive fixed remuneration of $2.2 million and be eligible for another $2.2 million in short-term incentives plus a maximum $3.96 million in long-term incentives.

Click HERE for the full announcement 

Macquarie National News
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