Suncorp announces executive departure

Suncorp CEO and Managing Director Michael Cameron has announced Clayton Herbert will leave the business effective January 2017.

Mr Herbert was appointed Chief Transformation Officer in March 2016 and has been leading the implementation of Suncorp’s new operating model, which came into effect last July.

“Clayton has worked for Suncorp since 1999, holding a number of senior positions across accounting, finance and risk, including Deputy Chief Financial Officer, Group Chief Risk Officer, and most recently as Chief Transformation Officer,” Mr Cameron said.

“Clayton has played a critical role in leading the successful implementation of Suncorp’s new operating model that has transformed Suncorp and positioned the organisation to better meet more of our customers’ needs.

“I would like to recognise and thank Clayton for his contribution over the past 17 years, and wish him well in his future.”

The executive change comes in the wake of Suncorp’s announcement in December that it has hired former Microsoft MD Pip Marlowe to take on the role of chief executive officer of strategic innovation, commencing in March 2017.

Ms Marlow will be responsible for Suncorp’s strategic role in market disruption, and identifying, establishing and cultivating new external marketplace partners to meet the needs of customers.