New big four CEO announced

Peter King will be Westpac’s new CEO. Mr King previously served as interim CEO following the resignation of Brian Hartzer during the AUSTRAC scandal.

“I believe we need a chief executive in place now, not later, and with full, rather than acting authority,” said Westpac chairman John McFarlane.

“On my recommendation, the board has appointed Peter King as CEO. Peter has agreed to do this for two years.”

More to come.