, Australia

Kelly remains Westpac CEO—spokesperson

Contrary to reports the bank’s chairman endorses Kelly as she provided strong leadership to the bank.

Westpac has strongly denied a report that it is looking to replace chief executive Gail Kelly, saying there was “absolutely no truth” to the speculation.

Industry newsletter Banking Day earlier reported Westpac's chairman Ted Evans had given executive search firm Egon Zehnder a mandate to begin a search for a new chief executive. The same search firm was responsible for recruiting Mrs Kelly to the bank in 2008.

But a Westpac spokeswoman dismissed the report as “completely false” adding no appointment of a search firm has been made.

“There's absolutely no truth to that (report),” the spokeswoman said.

Join Asian Banking & Finance community

The report also appeared to contrast with Mr Evans' strong endorsement of Mrs Kelly at the bank's annual meeting last month.

View the full story in The Sydney Morning Herald.

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.