Melos Sulicich, CEO of MyState was said to agree to extend his employment contract. He will stay with the bank for at least 18 months.
MyState chairman Miles Hampton said the board came to the view that given the uncertainty of the present time, it was important to maintain continuity in the leadership team.
The board had approached Mr Sulicich requesting he delay his plans to return to Sydney.
“Melos knows our business very well and his ongoing leadership will ensure we get through this challenging period as a strong bank, focused on our customers and our communities,” Mr Hampton said.
The terms of employment, MyState reported, have remained consistent with those disclosed to the market in May 2018.
