Westpac announces Board changes

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Westpac Banking Corporation (“Westpac”) has announced the appointment of Michael (Mike) Hawker AM to the Westpac Board effective in November 2020.

Westpac Chairman, John McFarlane said, “We are delighted to welcome Mike to the Board and will benefit greatly from his board experience and deep knowledge of financial services.”

Mr Hawker was Chief Executive Officer and Managing Director of Insurance Australia Group (IAG) from 2001 to 2008. Prior to IAG, Mr Hawker held executive positions with Westpac, including Group Executive, Business and Consumer Banking between 1998 and 2001, and prior to that was Executive Director of Citibank International in Europe and Deputy Managing Director of Citibank in Australia.

Mr Hawker said, “I am looking forward to working with John and the Board as the Group navigates a unique banking environment.”

Mr Hawker will be an independent Non-executive Director and will become a member of the Board Legal, Regulatory & Compliance Committee and Board Technology Committee upon his appointment.

Westpac has also announced that Alison Deans has decided to retire from the Board at the conclusion of the 2020 Annual General Meeting.

Ms Deans joined the Board in 2014 and in that time has served on various Committees including the Board Risk, Remuneration, Nominations and Technology Committees.

Mr McFarlane said, “Alison has made a significant contribution to the Westpac Board and has been an outstanding shareholder representative. In addition to her sound judgement, Alison has provided particular leadership and insights through her role as Chair of the Board Technology Committee in a period of significant technological change. On behalf of the Board I would like to thank Alison for her commitment to Westpac and shareholders and I wish her well for the future.”

Ms Deans said, “It has been a privilege to serve on the Westpac Board. I wish Westpac every success as it continues to make the changes needed to simplify and strengthen the Bank.”

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