Suncorp has appointed interim chief executive Steve Johnston on a permanent basis.
Chairman Christine McLoughlin says Suncorp weighed the merits of global and local candidates before confirming Mr Johnston as CEO and managing director.
Mr Johnston was chief financial officer until May, when he switched roles following CEO Michael Cameron’s sudden exit.
Announcing an 83.5 per cent fall in full-year profit last month, Mr Johnston admitted his predecessor’s so-called marketplace strategy had confused customers and halted its rollout to refocus on banking and insurance.
“Steve was the outstanding candidate,” Ms McLoughlin said.
“He has a clear vision for Suncorp’s future, a deep understanding of Australia and New Zealand’s financial services industry and the organisation, as well as high regard and confidence from his colleagues.”
Deputy chief financial officer Jeremy Robson, who has been acting CFO since May, will continue in the role while Suncorp considers internal and external candidates.