NAB brings new blood on board
National Australia Bank has added four new non-executive directors to its board only days after signing up two new executive directors.
NAB chairman Graeme Kraehe says the appointments fulfil the bank’s commitment made earlier this year for a fundamental renewal of the board.
Robert Elstone, Danny Gilbert, Paul Rizzo and Jillian Segal will join new chief executive Australia Ahmed Fahour and chief financial officer Michael Ulmer with Brian Clark, Ken Moss and Ed Tweddell retiring at the end of August.
Elstone is managing director of SFE Corporation, the holding company for the Sydney Futures Exchange and was chief executive of Air New Zealand from 1991 to 1994.
Gilbert is a commercial lawyer and was co-founder of law firm Gilbert and Tobin.
Rizzo has held senior roles at the Commonwealth Bank of Australia including chief general manager, general banking and was chief executive officer of ANZ Bank in New Zealand.
Segal is a lawyer and regulator and was the deputy chairman of the Australian Securities and Investment Commission from 2000 to 2002.
“These appointments to the National Board follow an extensive and rigorous external search process,” NAB chairman Graeme Kraehe says.
“The board will now have an excellent balance of skills and experience, as well as a broad range of industries, backgrounds and cultures, and geographic locations.”
The six new appointments bring the number directors on the NAB board to 12, three of them executive and nine non-executive.
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