New NAB CEO appoints new executives on lower salaries
NAB's new CEO has wasted no time in reshuffling his leadership team, appointing four new executives on lower salary packages than their predecessors.
On the same day as his began his post, the bank's incoming CEO Andrew Thorburn announced four previous NAB employees would step into leadership roles, while three incumbents would step down and leave the bank.
Former executive general manager of nabBusiness in Business Banking, Angela Mentis, move into the role of group executive, business banking, replacing Joseph Healy, while former Bank of New Zealand chief risk officer, Renee Roberts, will replace departing Lisa Gray as group executive, enterprise services.
The bank's former executive general manager of banking and wealth solutions, David Gall, will move across into the role of group chief risk officer, as incumbent Bruce Munro retires.
Antony Cahill will take on the role of group executive, product and markets, after previously working as the executive general manager of lending and deposits in the product and markets team.
In a statement lodged with the Australian Securities Exchange, he said the new executives would be on lower total remuneration packages than their incumbents.
Thorburn said he has carefully considered the leadership changes since his appointment was announced in April.
"I have worked closely with Angie, David, Renee and Antony and, as well as possessing deep banking experience and functional expertise, they have a clear customer focus and a desire and energy to work with the entire group executive leadership team to make NAB one of Australia's most respected bank," he said.
The remainder of the NAB executive board would stay as is, he said.
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