Launa Inman

Launa is a Director of The Commonwealth Bank of Australia, the 9th largest bank in the world by market capitalisation. She is also on the boards of Super Retail Group and Precinct Properties NZ Pty Ltd. Launa has strong business skills in large corporations, experienced in multi-brand wholesale and retail, e-commerce, strategic planning, marketing, and corporate restructuring and has worked internationally. Launa was Managing Director for seven years to end 2011, of Target Australia, the largest Australian retailer of apparel, homewares and general merchandise, finishing with an annual turnover of A$3.9 billion, EBIT of A$281 million and 294 stores. Launa was an instrumental part of the turnaround of Target from a loss in 2001. Then as Managing Director oversaw A$1 billion of increased sales and EBIT growth of 85%, inspite of the GFC particularly affecting Clothing and Department Stores. During her tenure, Target averaged an EBIT margin of over 8.6%, which is world's best practice for "Big Box Retailers". Before this she was Managing Director of Officeworks, the largest stationery and office technology retailer in Australia.