Westpac appoints new CFO

The bank has appointed a former ANZ executive and KPMG partner as its new CFO.

Michael Rowland will step into the role of Westpac CFO, replacing Peter King following his appointment to the position of CEO.

“Michael’s experience is broad across both CFO and business leadership roles,” Mr King said. “His most recent experience in consulting as a senior partner at KPMG also brings valuable external perspectives.

“In particular, Michael’s expertise in business restructuring, delivering sustainable productivity and revenue programs and in disciplined financial management will be an important contributor to making Westpac a simpler and stronger bank.”

From 1999 to 2013, Mr Rowland has held the positions of ANZ’s CFO for institutional banking; CFO New Zealand; CFO personal financial services; and business leadership roles as CEO Pacific and general manager for transformation. He joins Westpac from KPMG, where has been a partner in management consulting since 2014.

Acting CFO Gary Thursby will continue in the role until Mr Rowland joins the bank later this year.

Westpac appoints new CFO
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