People

New ASB boss appointed

Commonwealth Bank of Australia group marketing & strategy executive Vittoria Shortt will be ASB’s new chief executive, it was announced today.

ASB chairman Gavin Walker says Shortt will take over the role from former CEO Barbara Chapman, who retired in October, in early February 2018.

New Zealand-born Shortt has worked for CBA, ASB’s parent bank, in Australia since 2002.

In that time she has filled the roles of chief marketing officer, chief executive retail for BankWest, and executive general manager direct channels and operations retail.

A graduate of Waikato University, Shortt began her career in New Zealand, working in roles for Deloitte and Carter Holt Harvey.

Walker says the Board conducted an extensive search to identify the person most capable of leading ASB and building on the considerable momentum have achieved under Chapman’s leadership.

“Vittoria is an accomplished, values-driven leader with an outstanding record of profitably growing businesses, delivering innovative solutions and managing complex business units.

“As a New Zealander, she has a great understanding of ASB’s unique heritage and culture and there is no doubt that she will be approaching her new role with the necessary drive and passion to continue building the bank for the next generation.”

Shortt says that with a highly talented and diverse team of people, and a culture that combines performance excellence with a robust set of shared values, ASB is well positioned to build on its impressive growth story.

“I am very excited to be returning home with my family and to be leading ASB as it continues to transform, innovate and accelerate the pace of change across the business.

“I also wish to extend my personal thanks to Barbara for all she has achieved during her tenure. Without her leadership, ASB would not be so strongly positioned to address the challenges and opportunities ahead of us.”