Stephen Capello Steps Down as CEO of Hume Bank
After eight years at the helm of Hume Bank, Stephen Capello has announced his resignation. His tenure as CEO has seen the bank increase its investment in local communities and maintain a strong presence in its region, boasting a branch network larger than the combined strength of the Big Four banks.
A Transition Period
Capello has informed the Board of his decision and will be leaving the bank following a brief transition period. This period will allow for a smooth handover and ensure the continued efficient functioning of the bank.
Interim Managing Director Announced
While the bank undertakes a formal search process for a new CEO, Kent Griffin will step in as the interim managing director. Griffin is a long-standing member of the Hume Bank board. His current roles within the board include Chair of the Risk Committee and a member of the Audit and Inorganic Growth Committees, which underscores his in-depth understanding of the bank’s operations and strategic objectives.
Griffin’s Background
Griffin’s experience stretches beyond banking, with his previous role being the CEO of life insurer Acenda. His financial services experience is entirely rooted in the insurance sector, offering a fresh perspective to the bank’s leadership team. His expertise and experience would be instrumental in guiding the bank during this transition phase.
Capello’s Legacy
Under Capello’s leadership, Hume Bank has become a strong community bank. His focus on investing in local communities and maintaining an extensive branch network has set Hume Bank apart in the region. His contribution to the bank’s growth and success over the past eight years will undoubtedly leave a lasting impact.
Looking Ahead
As Hume Bank starts its search for a new CEO, it will be looking to build on the strong foundation laid by Capello. The bank’s commitment to local communities and its extensive branch network will continue to guide its strategy moving forward.
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