Donna Cooper announces resignation after 5 years at the helm
TSB chief executive Donna Cooper has resigned and will leave the business after five years in the lead role.
Her role will officially finish at the end of September, however she will take leave from July 28.
In a statement released on Tuesday morning, TSB acknowledged that Cooper (pictured above) had steered the bank through “significant regulatory uplift and growth of residential lending”.
She felt it was the right time to hand over to the next CEO.
“An incredibly busy five years has flown by quickly and I am proud of what TSB has achieved, as witnessed by the many customer and product awards gained by the bank in that period,” Cooper said.
“I have been warmly welcomed by the Taranaki community and will always have fond memories of working with the Toi Foundation and TSB.”
TSB board chair Mark Darrow thanked Cooper for her contribution.
“TSB is such an important organisation for Taranaki and indeed New Zealand, and we offer our thanks to her for leading the bank through a period of significant change. We wish her well,” he said.
TSB chief financial officer Gordon Davidson will assume the role of acting CEO from the end of July, while the Board appoints a permanent replacement.
“Gordon’s leadership in the interim will ensure a smooth handover and provide consistency in leadership for the organisation through this time,” Darrow said.
Cooper joined TSB as chief executive in July 2018, following roles as CEO of The Warehouse Financial Services Group and director and general manager of Baycorp Holdings (NZ) Ltd.
TSB is 100% owned by philanthropic organisation the Toi Foundation.
