Mr Carter will be taking on the role of group CEO at Queensland’s peak motoring body RACQ, Suncorp said in a statement to the ASX.
Suncorp Group CEO Steve Johnston said Mr Carter had guided the banking and wealth team through a period of significant change.
“David has been a great contributor to the leadership team, and on behalf of everyone at Suncorp, we wish him well in his new role,” Mr Johnston said.
“We are now well placed to continue to build on this success and leverage the investments we have made.”
Mr Carter said it’s been an honour to work at Suncorp over the past five years during a period of unprecedented change.
“I’m proud of many achievements but mostly the genuine commitment and care team members demonstrate every day to support our customers and the progress we have made digitising the business, making it easier for our customers,” Mr Carter said.
“Suncorp has provided me many wonderful opportunities and I’d like to thank everyone I have worked with over the years for their support.”
In addition, Suncorp’s group general counsel, Belinda Speirs, has been appointed to the senior leadership team reporting directly to the group CEO effective immediately.
Ms Speirs will also assume responsibility for company secretariat, bringing together legal, corporate and board governance under one team.
Mr Johnston said Ms Speirs will prove a valuable addition to Suncorp’s senior leadership team.
“Belinda has done an outstanding job over the past six years at Suncorp, including leading the group’s response to the royal commission,” he said.
Suncorp said a robust recruitment process had begun to identify internal and external candidates from Australia and overseas for Mr Carter’s replacement.
