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Westpac chairman announces departure after 2-year tenure

Westpac chairman, John McFarlane, has advised shareholders that he intends to retire at the end of next year.

New zealandPeter kingPeter marriott

Westpac chairman John McFarlane steps down

The banking veteran will retire at next year’s annual meeting, signalling the lender has made good progress on its transformation agenda.

Peter kingPeter marriottReserve bank

Replacing John McFarlane a tricky change for Westpac

If the appointment of a CEO is a board’s most important decision, then a new chairman must rank the next most important. Westpac is a case in point.

John uhrigEric nealLeon davisCharles kinnaird mackellarJohn cadwalladerDorothea mackellarNora scheinkestelPeter kingKim eberhardPeter marriottBanking groupCommonwealth bankSt george bankCommercial bankRio tinto

Westpac board member retires after 9 years

The major bank has announced the retirement of Peter Marriott from the Westpac board at the end of the 2022 annual general meeting.

John mcfarlaneAdrian suljanovicPeter marriottBoard risk committeeAdara groupSuncorp groupWestpac groupAudette exelWestpac boardAustralia postChris de bruin

ASX 200: ASX dives 1 8pc as Perpetual shines in gloomy day for shares

The S&P/ASX 200 endured a broad decline led by materials stocks as BHP dropped 3.2 per cent. Perpetual soared 7.1 per cent after rejecting a takeover offer.

United statesSilver lakeTina tengAudette exelPeter marriottDowner ediRio tintoFortescue metals groupCommonwealth bankNational australia bankHope corporationSilver lake resourcesNew hope corporation

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