Steven Gregg will take the top board seat at Westpac from November 7, leaving his post as chairman of Lottery Corp.
Ampol and the Lottery Corporation chairman Steven Gregg will succeed him.will take the top board seat at Westpac after this year’s annual shareholders meeting, when the bank’s chairman John McFarlane retires after three years in the role.
He “has deep experience chairing consumer-focused companies, a strong track record of disciplined decision-making and contributions to board oversight of organisations undergoing technology transformation,” Mr McFarlane added. “I made a commitment to shareholders to build a customer-focused digital bank and create a leaner, more agile and better performing company. We have made great progress in achieving these goals and turning Westpac around,” Mr McFarlane said.“I’m confident that Steven will build on that success, working closely with Peter , the executive team and directors.”
Westpac paid a $1.3 billion penalty, and the scandal forced the resignation of its then-CEO Brian Hartzer and prompted former chairman Lindsay Maxsted to bring forward his retirement.
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