Suncorp Life names interim CEO

Life insurance provider Suncorp Life has named an interim CEO following the announcement that Geoff Summerhayes will be stepping down.

In a statement issued to the ASX, Suncorp Group named Gary Dransfield, chief executive of Vero New Zealand – which is a part of the Suncorp Group – as the interim life CEO, effective 1 October 2015.

Mr Summerhayes, who will step down from his role at the end of September 2015, will remain with the group in an advisory position until 1 January 2016.

During that time he will represent Suncorp in relation to the Trowbridge Report and on the board of the Financial Services Council.

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Mr Dransfield has worked in the retail financial services industry for 25 years and has held positions with St George Bank, AMP and IAG.

Suncorp Life names interim CEO
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