King confirmed as Westpac CEO

Westpac has named its new chief executive – elevating acting chief executive, Peter King.

Announcing the move, Westpac chairman, John McFarlane said it was a case of wanting a chief executive in place now, and not later.

He said King’s appointment was for a period of two years.

King has been a long-term executive of Westpac having spent 25 years with the banking group.

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