In concert with the Board of Regional Australia Bank, Kevin Dupé has announced his retirement after 24 years at the Bank, the last 21 of those years spent as its chief executive officer.
Chairman of the Regional Australia Bank Board, Graham Olrich announced the retirement of the 'dynamic' CEO.
"Kevin's period as CEO spanned over two decades starting in 2001 with the then New England Credit Union with assets of some $160million and a then profit of $1.65million," Mr Olrich said.
"In our current year 2020/21, Regional Australia Bank is some $2.5Billion in assets and is forecast to make a pre-tax profit of $20.1million, despite the incredible economic and health headwinds the world has faced this year."
Mr Olrich thanked Mr Dupe, on behalf of the board, for his commitment to excellence and strong leadership.
"This will be greatly missed, but Kevin feels this is the right moment to start his transition to retirement, having just navigated the business successfully through the challenges of the COVID-19 pandemic," he said.
Mr Dupe said the business was now well positioned to deal with the ongoing impact of COVID-19 and was in robust shape with a good strategy and a strong balance sheet.
"I feel that now is the time to step off the stage and hand over to new leadership for Regional Australia Bank," he said.
"I am immensely proud of what my leadership team have achieved during my tenure.
"We have been able to navigate through periods of substantial change by focusing our energies on providing an excellent offering to our wonderful customers.
"I'd like to thank my staff over the period of my career who have made my job of leading this great organisation so much easier because of their ongoing commitment to customer service excellence."
Mr Dupe ran for council in 2017 and was vocal in his view that Armidale Regional Council should unite behind Cr Simon Murray in early 2020, however he recently relocated from Armidale to Repton on the North Coast of NSW where he plans to base himself in the next phase of his career as a director on banking and socioeconomic boards.
Mr Dupe's retirement will take effect from September 30.
The board of Regional Australia Bank will now commence work on their CEO Succession Plan, starting the recruitment process to find a suitable successor.