Bank CEO surprises with her resignation

by Madison Utley12 May 2020

A non-major bank has announced its chief executive will be imminently leaving the organisation, despite having only commenced the role in mid-February.

Suncorp Group CEO of banking and wealth Lee Hatton is set to depart at the end of May 2020, having already accepted a role with a Sydney-based financial technology company.

“I have re-assessed the demands of commuting from my home base in Sydney to Brisbane and the impacts this will have on my family, and have reached the conclusion that this will not be sustainable,” Hatton explained.

“Suncorp is a wonderful company with many opportunities ahead of it. I am thankful to the leadership team for their support of my decision.”

A recruitment process is already underway, with consideration being given to both internal and external candidates. Until a permanent appointment is made, executive manager of deposits and payments, Bruce Rush, will be acting CEO of banking and wealth.

Rush has held various Suncorp management positions since 2010 and has worked in retail banking roles both domestically and internationally.

Suncorp Group CEO Steven Johnston said, “Lee is a highly capable executive and I am disappointed to see her depart after a short time with the group. I respect her desire to be closer to home and I wish her well.”

“The bank has an experienced and capable executive team and I’m very confident that Bruce will provide strong leadership and direction while we seek a permanent appointment.”