A former chief executive of Westpac's Australian financial services business has been appointed CEO of the banking group as Gail Kelly announces her retirement.
Brian Hartzer - who currently heads up financial services, which includes responsibility for BT Financial Group - will take up the reins at the banking giant following Ms Kelly’s resignation, according to a statement to the ASX.
“On behalf of the board I want to thank and acknowledge Gail’s leadership and outstanding contribution to Westpac,” the bank's chairman, Lindsay Maxsted, said.
“Gail is one of Australia’s most successful CEOs. During her tenure the value of the company has more than doubled, with market capitalisation increasing from just under $50 billion to around $104 billion.”
Mr Hartzer has 25 years' experience in financial services and is a former CEO of ANZ's Australian operations.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 20 Oct 2017Parliamentary insurance group formedBy Staff Reporter
- 20 Oct 2017Treasurer introduces BEAR legislationBy Aleks Vickovich
- 20 Oct 2017Westpac to refund $65m to customersBy Annie Kane
- 20 Oct 2017Survey tips independent takeoverBy Aleks Vickovich and Jessica Yun
- 18 Oct 2017AFA suffers budget blowoutBy Killian Plastow
- 18 Oct 2017ISA ups ante on governance lobbyingBy Aleks Vickovich
- view all