CEO Barbara Chapman will retire from the bank next Easter after holding the role since April 2011.
Chapman said it had been a privilege to work for the bank but after seven years, “the time feels right to hand over to the next generation of leadership”.
“Being chief executive of ASB has undoubtedly been the highlight of my career and I shall always be proud of what we have achieved,” Chapman added.
ASB chairman Gavin Walker said Chapman would leave a lasting legacy at ASB.
“Barbara’s decision to retire caps a remarkable career of continuous service to ASB and the Commonwealth Bank Group more broadly. She has been a passionate and effective chief executive for ASB and its people, successfully leading the organisation through a period of unprecedented change and market disruption,” Walker said.
“During her tenure, ASB has continued to transform into a digitally-focused organisation with a renewed commitment to delivering unbeatable customer experiences across all its channels. She has played a key role in growing ASB’s annual profits from $568 million in 2011 to more than $1 billion in the most recent financial year-end.”
The ASB Board has begun its recruitment process to find its new CEO.
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