Steven Gregg to take over from John McFarlane as Chair of Westpac

Westpac Group in the present day introduced the appointment of Steven Gregg as a Non-executive Director and Chairman-Elect.

Mr Gregg is a seasoned chief with greater than 35 years’ expertise spanning chair, director and govt roles throughout a spread of sectors. He’ll succeed outgoing Chairman John McFarlane, together with his appointment as Non-executive Director and Chairman-Elect efficient 7 November 2023, topic to regulatory approvals.

Mr McFarlane will full his time period as Westpac Chair at this 12 months’s AGM on December 14.

“Once I took on this position in 2020, I made a dedication to shareholders to construct a customer- targeted digital financial institution and create a leaner, extra agile and higher performing firm. Now we have made nice progress in attaining these targets and turning Westpac round,” Mr McFarlane mentioned.

Mr Gregg says he’s trying ahead to becoming a member of the Westpac Board. “It’s an honour to be appointed Chair of Westpac,” Mr Gregg mentioned.

“Westpac is a superb firm, the oldest firm within the nation, the primary financial institution, and an organisation that has a lot potential. I look ahead to making a giant contribution. From my statement, Westpac is in a interval of transition. After the laborious work of simplification over the previous three years, now’s the time to look ahead and have a robust ambition.

My precedence might be working carefully with fellow administrators and the administration workforce to ship the perfect service for our prospects and higher returns for our shareholders.