Announcement from Regional Australia Bank Chairman, Graham Olrich
Today we announce the retirement of our dynamic CEO Kevin Dupé. Kevin’s period as CEO has spanned over two decades starting in 2001 with the then New England Credit Union with assets of some $160million and a then profit of $1.65million. In our current year 2020/21, Regional Australia Bank is some $2.5Billion in assets and is forecast to make a pre-tax profit of $20.1million, despite the incredible economic and health headwinds the world has faced this year.
On behalf of the Board, I would like to thank Kevin for his commitment to excellence and strong leadership, which will be greatly missed. Kevin feels this is the right moment to start his transition to retirement, having just navigated the business successfully through the challenges of the COVID-19 pandemic. Years of hard work to develop a robust strategy for growth is now becoming fruitful, and I would like to congratulate Kevin on his leadership and hard work and wish him the very best in his retirement.
Kevin’s retirement will take effect on 30 September 2021. In the interim period, the Board will commence the search for a suitably qualified replacement for Kevin and will announce his replacement as CEO in due course.
Chairman, Regional Australia Bank
A message from Regional Australia Bank CEO, Kevin Dupé
After 34 years in the sector, 24 at Regional Australia Bank, the last 21 of those years spent as its Chief Executive Officer, I am today announcing my retirement from Regional Australia Bank.
I feel that now is the time to step off the stage and hand over to new leadership for Regional Australia Bank. The business is now well positioned to deal with the ongoing impact of COVID-19 and is in robust shape with a good strategy and a strong balance sheet. I am immensely proud of what my leadership team have achieved during my tenure.
We have been able to navigate through periods of substantial change by focusing our energies on providing an excellent offering to our wonderful customers.
I’d like to thank my staff over the period of my career who have made my job of leading this great organisation so much easier because of their ongoing commitment to customer service excellence.
What started as a small but strong credit union in Armidale has grown to become one of the best performing mutual’s in the country. We are lucky to have some of the best minds in the industry in our Executive Management Team – it is our strategy and leadership that has guided our success.
I will continue to work as CEO during the year until my successor has been appointed. Our Board of Directors has commenced the recruitment process and they expect to have my successor appointed by early September of this year.
I look forward to transitioning into the next stage of my career.
Chief Executive Officer
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