Will join Boston Consulting Group in July Credit: Pete Steel The Commonwealth Bank of Australia’s (CBA) chief digital officer Pete Steel is leaving the bank after 16 years. Steel, who placed number 7 in the 2019 CIO50 list, revealed the news on LinkedIn saying he will take five months off before joining Boston Consulting Group as a partner in July and “help clients globally with their digital transformation.” He joined CBA in 2004 and was named the CIO of the Retail Bank in 2012. In 2015, he became the bank’s chief digital officer and retaining the role of CIO of the Retail Bank. Recently, Steel was in charge of CBA’s app refresh which was driven by the pace of technological change, competition brought by startups and big technology companies and also to reflect customers’ expectations. CBA has confirmed his departure to CIO Australia adding he held a variety of positions across technology and banking divisions and has led the delivery of many recent digital innovations. “While his decision to leave is a personal one, we wish him all the very best for the future.” CBA confirmed it is looking for a replacement. Related content brandpost Sponsored by Palo Alto Networks Operational technology systems require a robust Zero Trust strategy in 2024 Zero Trust provides a foundation for creating a stronger security posture in 2024. By Navneet Singh, vice president of marketing, network security, Palo Alto Networks Dec 05, 2023 6 mins Security brandpost Sponsored by AWS in collaboration with IBM How digital twin technology is changing complex industrial processes forever As the use cases for digital twins proliferate, it is becoming clear that data-driven enterprises with a track record of innovation stand the best chance of success. By Laura McEwan Dec 05, 2023 4 mins Digital Transformation brandpost Sponsored by AWS in collaboration with IBM Why modernising applications needs to be a ‘must’ for businesses seeking growth Around one-third of enterprises are spending heavily on application modernisation and aiming for cloud native status. The implications for corporate culture, structure and priorities will be profound. By Laura McEwan Dec 05, 2023 5 mins Digital Transformation opinion 11 ways to reduce your IT costs now Reorienting IT’s budget toward future opportunities is a big reason why CIOs should review their IT portfolios with an eye toward curbing unnecessary spending and realizing maximum value from every IT investment. By Stephanie Overby Dec 05, 2023 11 mins Budget Cloud Management IT Governance Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe