Commonwealth Bank of Australia
Non Executive Director
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.
Launa Inman was also CEO and Managing Director of Billabong International, one of only six Woman CEOs in the ASX 200. At the time of her appointment in May 2012, Billabong operated across 100 countries with 10 wholesale brands, 750 retail stores, and two pure play on-line businesses. It is a leading brand in the board sports industry of surf, skate and snow. The company was in severe difficulty when she joined and her mandate included undertaking a full strategic review to determine Billabong International's prospects. She successfully led the group to a deal with Private Equity which, in July 2013, provided funding necessary for its future.
Launa sits on the boards of two Not For Profit Organisations. These are The Alannah and Madeline Foundation (an organisation for helping abused children and preventing cyber bullying) and the Virgin Australia Melbourne Fashion Festival.
Launa was formerly on the Advisory Board of the World Retailing Conference.
Launa Inman has a Masters Degree in Commerce, majoring in corporate strategy and attended the Advanced Management Program at Wharton Business School.
In recognition of her contribution to business Launa was awarded Telstra Australian Businesswoman of the Year and Victoria Businesswoman of the Year in 2003. In 2015 the Australian Marketing Institute awarded her the prestigious Sir Charles McGrath Award for her significant contribution to the field of marketing and wider industry achievements.
Launa is a sought after speaker on diversity, climbing the corporate ladder, leadership, turnarounds and board issues. She has spoken internationally in Europe and Asia and at directors conferences in New Zealand and Australia. Her speciality besides speaking on leadership and turnaraounds is retail and how businesses can use technology and digital media as enablers to become customer focused.