Commonwealth Bank Appoints New Group General Counsel and ...
Commonwealth Bank, under the leadership of CEO Matt Comyn, has announced the appointment of a new Group General Counsel and Group Executive Legal & Group Secretariat to its Executive Leadership Team. This move comes as the current Group General Counsel, Carmel Mulhern, has decided to transition into a non-executive director role and will leave the bank on August 31, 2023.
The incoming Group General Counsel and Group Executive Legal & Group Secretariat, Karen O’Flynn, will assume her position on September 1, 2023, pending regulatory approvals. Karen O’Flynn is currently the Partner and Executive Chair of Clayton Utz, where she has demonstrated her expertise and leadership for 28 years.
According to a report by Commbank.com.au, Matt Comyn expressed his gratitude for Carmel Mulhern’s contributions during her time with the bank. He highlighted her commitment to customers, people, and the fair resolution of legal matters. Carmel also played a pivotal role in enhancing CBA’s relationships with key stakeholders and streamlining corporate governance processes.
As for the incoming Karen O’Flynn, she is highly regarded both nationally and internationally as a prominent legal practitioner and commercial litigator. Her extensive experience in financial services, including her support during the Royal Commission, makes her a valuable addition to CBA’s leadership team. Karen has also demonstrated her commitment to gender equality through her involvement in organizations like Chief Executive Women and Clayton Utz’s Diversity Council.
Karen O’Flynn’s impressive legal career spans nearly four decades, with experience in Sydney, Melbourne, and London. In addition to her current roles as Partner and Executive Chair of Clayton Utz, she has held various leadership positions within the firm, including Elected Director of the Board and National Practice Group Leader for Restructuring & Insolvency. In 2020, Karen was appointed Chair of the Clayton Utz Board.
With her wealth of experience and expertise, Karen O’Flynn is poised to contribute significantly to Commonwealth Bank's continued success. The bank is excited to welcome her to the team and looks forward to the positive impact she will make.
In summary, the appointment of a new Group General Counsel and Group Executive Legal & Group Secretariat at Commonwealth Bank marks an important transition for the organization. Carmel Mulhern’s departure and Karen O’Flynn’s arrival bring a change in leadership that will undoubtedly shape the bank’s future. Commonwealth Bank expresses gratitude for Carmel’s contributions and extends a warm welcome to Karen as she assumes her new role.
For the latest news and announcements from Commonwealth Bank, visit the CBA Newsroom.
Credit: commbank.com.au
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