New Commonwealth Bank head shuffles executive team

Six months into his new role, Ralph Norris rearranges his direct reports including letting go of Mike Katz.

The new chief executive of the Commonwealth Bank of Australia CBA, Ralph Norris, has announced changes to his leadership team just a week before releasing his strategic direction for the bank.

The only executive to go is Mike Katz, a 13-year CBA veteran and group executive of premium business services.

Stuart Grimshaw takes KatzÆs place, handing his wealth management role to Grahame Petersen who, in turn, hands his group strategic development role to Hugh Harley. HarleyÆs beat of retail...

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