Suncorp chief information officer Matt Pancino will replace Mr Smith.
Mr Pancino has been with Suncorp for four years and has held senior executive roles in technology and operations with both Telstra and Perpetual.
Suncorp chief executive Patrick Snowball thanked Mr Smith for his significant contribution during his seven years at Suncorp and said his appointment to a world-leading technology company “was testament to his skill and leadership”.
“I’m saddened to see Jeff leave but I am pleased for him and proud that his work in helping us build a world-class shared services function at Suncorp has garnered the attention of a global technology company,” said Mr Snowball.
“Jeff’s strong and inspirational leadership qualities have ensured we have exceptional talent within Suncorp business services,” said Mr Snowball.
This has enabled a smooth succession plan involving the promotion of Matt Pancino to the chief executive role within the shared services function, he said.
“Matt is a well-qualified executive with a proven track record,” said Mr Snowball.
