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Commonwealth Bank of Australia appoints new chairman

CommonwealthBank of Australia said it appointed Catherine Livingstone aschairman of its board, effective Jan. 1, 2017.

Livingstone, who became an independent nonexecutive directorin March, willreplace David Turner, who is retiring Dec. 31, the bank said Oct. 12.

Turner, a board member since 2006, was appointed as chairmanin 2010.