Highlights

  • CBA reports CIO Gavin Munroe will depart the bank on 22 December 2025.
  • Interim co-lead structure introduced for Technology division, pending regulatory approval.
  • Bank reiterates continuation of existing technology and AI integration strategy.

Commonwealth Bank of Australia (ASX:CBA) has released an update regarding its Executive Leadership Team, confirming that Group Executive Technology and Group Chief Information Officer Gavin Munroe will leave the organisation. His final day with the bank is scheduled for 22 December 2025, with the bank stating he will pursue opportunities outside the organisation. The announcement marks a leadership transition within the Technology division after a three-year period of technology-focused initiatives.

Technology Program Progress and Major System Migration

During Munroe’s time in the role, CBA advanced its technology delivery schedule and reduced operational incidents as part of its modernisation program. One of the major completed tasks was the upgrade and migration of the SAP Core Banking platform to Amazon Web Services (AWS). The bank described this as the largest system-of-record migration in its history.

CBA also expanded its capabilities in artificial intelligence, advancing its position in global AI maturity rankings within the financial services sector. The bank stated that it is currently placed #4 globally for AI maturity, supported through partnerships with global AI organisations and the development of its dedicated technology hub in Seattle to grow engineering and AI expertise.

Ongoing Technology Strategy and AI Integration

Following the leadership update, CBA reiterated that it will continue implementing its established technology strategy. The organisation intends to embed the use of artificial intelligence throughout its operations with the objective of improving customer experiences and operational efficiency.

Interim Co-Leadership and Reporting Structure

During the interim period, Rodrigo Castillo, currently CIO Central Technology, and Victoria Ledda, CIO Business Technology, will jointly manage the Technology function. Both executives will report directly to CEO Matt Comyn while the bank completes the leadership transition process. Their appointments remain subject to regulatory approval, and no timeline has been provided for the announcement of a permanent replacement.

Share Price Snapshot

CBA was trading 1.24% higher at AUD 154.96 per share as of 24 November 2025.