15-Dec-2020 • Corporate

Mr James Evans, Chairman of ME Bank, today announced that the Bank's Acting CEO, Mr Adam Crane, has been appointed to the role of CEO.

Announcing Mr Crane's appointment, Mr Evans said, "Adam has proven himself since taking over as Acting CEO in July.

"It was a smooth and effective transition, and importantly, he has the respect of our employees, shareholders and stakeholders generally.

"When Adam joined ME Bank as CFO in August, the CEO at the time and the Board had succession planning in mind, as it always does with senior executive appointments. Adam's depth of experience across finance, strategy and digital transformation and his evident leadership skills made him the standout candidate at the time.

"He again has proven to be the standout candidate for the role of CEO."

Mr Crane said, "I couldn't be prouder to be appointed CEO of ME Bank.

"ME Bank is the local success story of Australian banking. The original challenger bank, ME was created by Australian industry super funds, who could see that their customers deserved a better deal.

"ME Bank's track record of customer growth shows that this has struck a chord. People have embraced ME's promise of simple banking products and easy to deal with customer service.

"I would like to thank our people for their support and for their tireless commitment to our customers during what continues to be challenging times. Our people remain crucial to ensuring ME's resilience in difficult times and our ongoing success.

"Being an Aussie success story is a matter of great pride for us."

Mr Crane's appointment is effective immediately.