Complex sentence: Mr Mulcahy was formerly a member of the Group Executive of the Commonwealth Bank of Australia 1 and recently presided over Suncorp's takeover of the Promina group as well as Suncorp becoming the first ever Queensland-based company to post a profit of over $1b.
Split into simpler sentences: Mr Mulcahy was formerly a member of the Group Executive of the Commonwealth Bank of Australia. He recently presided over Suncorp's takeover of the Promina group and Suncorp becoming the first-ever Queensland-based company to post a profit of over $1b.