CBA appoints board director

Commonwealth Bank of Australia has appointed a former BlueScope Steel chief executive as it continues to renew its board.

Paul O'Malley will be an independent non-executive director on CBA's board, starting 1 January 2019.

Retiring director Brian Long will stay on the board until 31 December, at the board's request to ensure continuity in director succession.

O'Malley was BlueScope Steel's managing director and chief executive for more than a decade. He also served as the ASX-listed company's chief financial officer for 18 months before his chief executive appointment.

In his prior roles, O'Malley worked as the chairman and chief executive of TXU Energy.

He has worked in investment banking and consulting, in addition to leadership roles at pubic companies.

He holds a Masters in applied finance and is a chartered accountant.

CBA chair Catherine Livingstone said: "I am delighted to welcome Paul as a director of the bank.  Paul's broad operational and finance experience, as well as his business leadership, will bring a thoughtful and strategic perspective to the board."

The bank also confirmed Andrew Mohl will retire from the board after the 2018 annual general meeting, as flagged previously.

Read more: BlueScope SteelCBACommonwealth Bank of AustraliaPaul O'MalleyAndrew MohlBrian LongCatherine Livingstone
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