John McFarlane confirmed as new Westpac chair
Former ANZ Group chief executive, John McFarlane has been announced as the chair-elect of Westpac.
The bank confirmed to the Australian Securities Exchange (ASX) today that McFarlane would commence his role as a non-executive director in February and succeed Lindsay Maxsted as chair on 2 April.
McFarlane was most recently chair of Barclays in London.
The big banking group said that as chair-elect, McFarlane would be responsible for appointing a permanent chief executive.
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