The new boss of insurance and banking giant Suncorp says he won't be making any sweeping changes.
Head of property group GPT since 2009, Michael Cameron will take over from Suncorp's six-year chief executive Patrick Snowball in October.
"The key thing is to continue the good work that's been done to date and just to maintain stability in the business and keep the momentum going," Mr Cameron told reporters.
"I feel that I'm inheriting an excellent business in great shape."
Mr Cameron joined Suncorp's board in 2012 and has previously held senior positions at Commonwealth Bank, National Australia Bank, St George Bank, Lend Lease and Barclays.
OptionsXpress market analyst Ben Le Brun said Mr Cameron was chosen to continue Mr Snowball's strategy of simplifying Suncorp's banking and insurance arms.
"It's going to take the business as usual approach as opposed to coming in with any of these radical new ideas or new strategies," he said.
Mr Snowball's reign included the Christchurch earthquake, Brisbane floods and cyclone Yasi, but Suncorp's share price has almost doubled in that time.
He will return to the UK after handing over to his successor.
Mr Cameron defended his record at GPT, pointing to a near tripling in shareholder returns since 2009, well above the share market average.
"If you can deliver those sorts of results by being conservative, then I don't mind being conservative," he said.
Suncorp revealed in February it was looking for a successor to Mr Snowball, and recently blamed a slowing economy and political uncertainty for a cut to its growth forecasts.
Mr Cameron said consumer confidence was being tested.
"Things like the budget next month, that will have the potential impact on the way people spend money," he said.
Chairman Ziggy Switkowski said Mr Cameron's appointment was unlikely to lead to a property sector acquisition.
Suncorp shares gained 27 cents, or two per cent, to $13.84, while the broader market was weaker.
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