Chris Lynch to step down from Westpac Board

Westpac Banking Company right now introduced that Chris Lynch has determined to not stand for re-election as an Unbiased Non-executive Director at Westpac’s 2023 Annual Basic Assembly (2023 AGM). He’ll step down from the Board efficient from the top of the AGM on 14 December 2023.

Mr. Lynch joined the Board in September 2020 and in that point has served on the Audit, Remuneration and Threat Committees.

Mr. Lynch mentioned:

“I want Westpac each success for the long run. A powerful banking sector is important for the Australian economic system and I’ve valued the chance to make a contribution throughout Westpac’s latest interval of transformation”.

Mr Lynch was previously the World Chief Monetary Officer of Rio Tinto Group, primarily based in London, and an Government Director. Previous to this, he was a Non-executive Director of Rio Tinto Group.

Mr Lynch was the Chief Government Officer of Transurban Group, a world toll highway developer and supervisor with pursuits in Australia and North America from 2008 to 2012. His government profession additionally included seven years at BHP Billiton the place he was Chief Monetary Officer after which Government Director and Group President – Carbon Metal Supplies.

He spent 20 years with Alcoa Inc. the place he held various government positions, together with Vice-President and Chief Data Officer primarily based in Pittsburgh, USA and Chief Monetary Officer of Alcoa Europe in Switzerland. He was additionally managing director of KAAL Australia Restricted, a three way partnership firm fashioned by Alcoa and Kobe Metal.

Chris Lynch was previously a Commissioner of the Australian Soccer League from 2008 till 2014.