The new chief executive of the Commonwealth Bank of Australia (CBA), Ralph Norris, has announced changes to his leadership team just a week before releasing his strategic direction for the bank.

The only executive to go is Mike Katz, a 13-year CBA veteran and group executive of premium business services.

Stuart Grimshaw takes KatzÆs place, handing his wealth management role to Grahame Petersen who, in turn, hands his group strategic development role to Hugh Harley. HarleyÆs beat of retail banking services goes to Michael Cameron who is currently in charge of finance and risk management.

Gary Thursby becomes acting group executive for finance and risk management.

Other leadership positions remained unchanged: Les Cupper in people services, Garry Mackrell in international financial services and John OÆSullivan in legal services.

And Michael Harte will join the bank in early April as head of technology services.

Norris took over the top job at CBA from retiring chief executive David Murray at the end of last year. He will announce the bankÆs strategic direction on March 30.