New leadership at Bendigo Bank
Non-major bank Bendigo and Adelaide Bank has announced that its long-serving CEO and managing director Marnie Baker will be replaced by Richard Fennell on 31 August.
Baker has worked at the bank for the past 35 years and has been leading the banking group as its CEO and MD since 2018.
The bank’s board of directors has confirmed that Fennell – Bendigo and Adelaide Bank’s former chief customer officer (CCO) – will succeed Baker after 17 years of service with the bank. Fennell also served as the bank’s chief financial officer for nearly nine years and was chief general manager of group strategy.
Vicki Carter, Bendigo and Adelaide Bank’s chair, said: “Richard has demonstrated his unwavering commitment to the customer by leading the bank’s consumer division through a period of significant change while retaining industry-leading customer advocacy scores.”
Richard Fennell