Westpac has made an announcement regarding the departure of its Chief Executive for the Consumer division. The individual in this position will be leaving the bank, prompting the initiation of a recruitment process to find a suitable successor.
Since August 2023, the departing executive has been at the helm of the Consumer division, marking the latest chapter in a long-standing career with the organization. Throughout tenure at Westpac, this individual has occupied a number of significant roles, including various Group Executive positions. These roles encompassed Group Strategy, Westpac Retail and Business Banking, as well as leadership in the Specialist Business Division and key roles in BT Financial Group.
The organization’s current CEO expressed gratitude for the contributions made by the departing executive during their time with Westpac. Highlights of this career phase included involvement in a strategic review of specialist businesses, which led to the successful divestment of ten different businesses, underlining the individual’s impact on the company’s strategic directions.
In light of this decision, the departing executive has agreed to remain in their position while the recruitment for a successor is underway, ensuring a smooth transition for the Consumer division during this period of change.