Suncorp : Executive Announcement

16 January 2017

Clayton Herbert leaves Suncorp

Suncorp CEO and Managing Director Michael Cameron has announced Clayton Herbert will leave the business effective January 2017.

Mr Herbert was appointed Chief Transformation Officer in March 2016 and has been leading the implementation of Suncorp's new operating model, which came into effect last July.

"Clayton has worked for Suncorp since 1999, holding a number of senior positions across accounting, finance and risk, including Deputy Chief Financial Officer, Group Chief Risk Officer, and most recently as Chief Transformation Officer," Mr Cameron said.

"Clayton has played a critical role in leading the successful implementation of Suncorp's new operating model that has transformed Suncorp and positioned the organisation to better meet more of our customers' needs.

"I would like to recognise and thank Clayton for his contribution over the past 17 years, and wish him well in his future."

The new Suncorp Leadership team is outlined in the Appendix and includes Pip Marlow, who commences with the organisation in March 2017.

Ends For more information contact:
Media	Nadia Farha	0408 535 993
Analysts/Investors	Mark Ley	0411 139 134

Appendix - Suncorp Leadership Team

Michael Cameron CEO & Managing Director David Carter Chief Executive Officer Banking & Wealth Anthony Day Chief Executive Officer Insurance Gary Dransfield Chief Executive Officer Customer Platforms Sarah Harland Chief Information Officer Steve Johnston Chief Financial Officer Pip Marlow (commencing March 2017) Chief Executive Officer Strategic Innovation

Kate Olgers Chief Legal Officer Mark Reinke Chief Customer Experience Officer Amanda Revis Chief People Experience Officer Paul Smeaton Chief Executive Officer Suncorp New Zealand Fiona Thompson Chief Risk Officer