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Australian Military Bank CEO succession announcement

14 August 2019

Australian Military Bank CEO succession announcement

CEO of Australian Military Bank, John Ford, announced today that he will be stepping down at the conclusion of his contract in December 2019. Ford said “Australian Military Bank is a strong niche organisation with a fantastic membership bond and committed staff. By December I will have been at the Bank for nearly 7 years so it’s time for me to take on a new challenge.”

Australian Military Bank Chairman, John Brooks, said “we have been very fortunate to have John’s services for the last six and a half years. During this time he has lead the organisation through some major milestones including:

  • growing the Bank’s assets by 80%;
  • returning our membership to net positive growth;
  • substantially reducing the fees charged to members;
  • successful conversion to Bank status,
  • renewal of key contracts with Defence and
  • leading our digital journey by converting to a modern and open banking system.

Brooks said “John has been very committed to the success of Australian Military Bank and has positioned the Bank strongly for the future.”

John Ford said “it has been an absolute privilege to lead Australian Military Bank. This role has allowed me to meet and interact with the Defence community and develop an appreciation for what they do. Our Defence members do something very special for our country and we owe them the best service possible. The Banks introduction of the Military Rewards Account now ensures we give back both to our members (via payWave rebates) and systematically to key Defence Charities with over $165K donated to date.”

Ford said “the Bank has always had a compelling raison d’être and I’ve been fortunate to have the support of some great directors, staff and partner organisations. Over the last 18 months we have strategically invested in our business model by converting the bank to a modern digital platform. Our conversion has been achieved on time and on budget and the Bank is now very well placed for the future. We moved early and decisively and I look forward to my successor further leveraging our fantastic new platform”.

Chairman Brooks advised the Board would complete a comprehensive search for a replacement CEO but remained confident about the transition. “We have a strong Board and management team which will ensure continued progress against our goal of becoming a great niche bank.”

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