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BRIEF-Westpac Appoints John Mcfarlane As Chairman

Published 23/01/2020, 08:09 am
© Reuters.  BRIEF-Westpac Appoints John Mcfarlane As Chairman
WBC
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Jan 23 (Reuters) - Westpac Banking Corp WBC.AX :

* SAYS JOHN MCFARLANE APPOINTED AS CHAIRMAN

* MCFARLANE TO REPLACE LINDSAY MAXSTED AS CHAIRMAN

* MCFARLANE WILL COMMENCE HIS ROLE AS NON-EXECUTIVE DIRECTOR IN FEBRUARY

* MCFARLANE WILL BE RESPONSIBLE FOR APPOINTING A PERMANENT CEO

* APPOINTS JOHN MCFARLANE TO WESTPAC BOARD AS NON-EXECUTIVE DIRECTOR AND CHAIRMAN-ELECT ON 2 APRIL 2020

* MCFARLANE'S FOCUS INITIALLY WILL NATURALLY BE ON RESOLVING CO'S CURRENT ISSUES

* MCFARLANE WILL WORK CLOSELY WITH PETER KING AND BOARD TO CONTINUE TO MAKE ANY CHANGES NECESSARY

* APPOINTMENT OF CEO CAN TAKE TIME

* INTERNAL AND EXTERNAL SEARCH PROCESS IS CURRENTLY UNDERWAY FOR APPOINTING PERMANENT CEO

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