National Australia Bank CEO Ross McEwan to retire in April

National Australia Bank chief executive Ross McEwan will depart in April and be replaced by Andrew Irvine , currently head of business banking . NAB said Mr McEwan will retire from executive roles. Mr Irvine, a British-Canadian dual citizen, has run NAB’s business and private banking business since 2020. He will start on April 2, after succeeding in an internal battle with Rachel Slade, who runs NAB’s retail operations, and external candidates examined by the board.

Mr McEwan’s departure has been a source of industry speculation – after he indicated to the board when he began that he might serve a relatively short term – but the board’s decision to replace him comes earlier than many at the bank had expected. NAB chairman Phil Chronican said Mr Irvine, 48, who arrived in Australia during the COVID-19 pandemic from senior banking roles in Canada, was “well suited to take NAB into its next chapter of growth and performance”. ANZ chief executive Shayne Elliott and Westpac chief executive Peter King are also expected to exit this year, triggering internal battles for successio

Source: News Formal (newsformal.com)

National Australia Bank CEO Ross Mcewan Retire April Andrew Irvine Business Banking Growth Performance ANZ Westpac Succession

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