The Commonwealth Bank (ASX:CBA) has announced former Bluescope Steel CEO, Paul O'Malley will join its board of directors.
O'Malley will become an Independent Non Executive Director from the 1st of January 2019.
He brings significant company leadership to the bank having served as Managing Director and CEO of Bluescope Steel for over 10 years.
At the request of the Board Brian Long has agreed to remain on the Board until the end of the calendar year and will retire at the end of 2018.
Shares in CBA (ASX:CBA) closed 1.58% higher to $71.87 yesterday.