Michael Cameron, the former CEO of Suncorp, has joined People's Choice Credit Union as its new chair.
Cameron is the most senior banker ever to take on the job as chair of a mutual ADI.
He succeeds John Cossons, who led the board for five years, capping off a 40-year career in the mutual sector.
Adelaide-based People's Choice selection of Sydney-based Cameron may also be a marker of a waning in the parochialism once endemic in the credit union industry.
While Cameron was obliged to leave his former employer six months ago in part due to a collapse in board support for Suncorp's digital strategy, around the PCCU board table this experience is invaluable.
"As the former chief executive of Suncorp, Michael accelerated that company's digital capacity, whilst driving a customer-first culture," Steve Laidlaw, the credit union's CEO said yesterday.
"We believe Michael's extensive experience and customer focus are a natural fit to lead People's Choice into its next phase of growth, as we transform our technology and member experience," he said.
At the PCCU annual meeting yesterday, Laidlaw said People's Choice had a "$90 million strategy that will drive our growth over the next decade and more."