Suncorp announces new CFO
(3 December 2009 – Australia) Suncorp has announced the appointment of John Nesbitt, formerly of Perpetual Limited, as the group’s new chief financial officer.
Mr Nesbitt succeeds Chris Skilton who was the Suncorp CFO and an executive director for eight years; Mr Skilton vacated the CFO position in March 2009.
At this point Clayton Herbert, executive general manager group finance, stepped into the position of acting CFO until a replacement could be found.
Mr Herbert will remain in the position of CFO until Mr Nesbitt begins his position in the first half of 2010.
As group CFO, Mr Nesbitt will lead the Group’s finance function, and have responsibility for strategy, tax, and all management and external reporting.
Patrick Snowball, chief executive officer, said Mr Nesbitt’s ability to drive financial strategy would be crucial to his role at Suncorp.
Mr Snowball said that both he and the board wanted a CFO who could contribute to the development of the Group’s strategy and drive its implementation, as well as offering the appropriate financial and reporting background.
Suncorp is delighted to have secured someone of John’s experience who has consistently demonstrated the prerequisite blend of skills throughout a successful career at Perpetual and Lend Lease where he has held executive finance positions as well as business unit leadership roles, Mr Snowball added.
Mr Snowball also acknowledged the outstanding contribution made by acting CFO Clayton Herbert during an extremely difficult period.
Perpetual Limited’s chief executive officer, David Deverall, said of Mr Nesbitt’s resignation from the company, that given Mr Nesbitt’s long career in finance, he can understand the desire to take the opportunity to become CFO of Suncorp.
At this point Clayton Herbert, executive general manager group finance, stepped into the position of acting CFO until a replacement could be found.
Mr Herbert will remain in the position of CFO until Mr Nesbitt begins his position in the first half of 2010.
As group CFO, Mr Nesbitt will lead the Group’s finance function, and have responsibility for strategy, tax, and all management and external reporting.
Patrick Snowball, chief executive officer, said Mr Nesbitt’s ability to drive financial strategy would be crucial to his role at Suncorp.
Mr Snowball said that both he and the board wanted a CFO who could contribute to the development of the Group’s strategy and drive its implementation, as well as offering the appropriate financial and reporting background.
Suncorp is delighted to have secured someone of John’s experience who has consistently demonstrated the prerequisite blend of skills throughout a successful career at Perpetual and Lend Lease where he has held executive finance positions as well as business unit leadership roles, Mr Snowball added.
Mr Snowball also acknowledged the outstanding contribution made by acting CFO Clayton Herbert during an extremely difficult period.
Perpetual Limited’s chief executive officer, David Deverall, said of Mr Nesbitt’s resignation from the company, that given Mr Nesbitt’s long career in finance, he can understand the desire to take the opportunity to become CFO of Suncorp.
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