Westpac's Evans to retire
Westpac chairman Ted Evans has announced his retirement. Evans announced he will leave the bank following the 2011 annual general meeting which is due to be held on 14 December 2011. He will be succeeded within the board by the current audit committee chairman, Lindsay Maxsted.
Evans will leave the bank after four years as chairman. He joined Westpac’s board in 2001 and was appointed to the position of chairman in 2007.
“With the success of the St George merger now assured, and the group performing very strongly under our talented and stable management team, I judged the time right to announce my retirement. Lindsay is an enormously experienced and capable director and I know I will leave the chair of this company in the very best hands,” he said.
Maxsted joined the board as director and chairman of the audit committee in 2008.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
