The Comonwealth Bank (ASX:CBA) has appointed Professor Genevieve Bell as an independent non-executive director to the board.
Professor Bell is a cultural anthropologist, technologist and futurist who spent almost 30 years at Intel Corp as a vice-president.
CBA says Professor Bell will bring a unique and strategic perspective as the bank pursues its purpose of improving the financial wellbeing of its customers and communities.
In a separate announcement yesterday CBA said it would book charges of $355 million in customer remediation and transaction costs to be included in its results for the half year ending December 31.
The additional costs will be partially offset by a professional indemnity insurance payment of $135 million.
Shares in CBA (ASX:CBA) closed 0.23 per cent higher to $68.43 yesterday.