Steven Gregg to take over from John McFarlane as Chair of Westpac
Westpac Group today announced the appointment of Steven Gregg as a Non-executive Director and Chairman-Elect.
Mr Gregg is a seasoned leader with more than 35 years’ experience spanning chair, director and executive roles across a range of sectors. He will succeed outgoing Chairman John McFarlane, with his appointment as Non-executive Director and Chairman-Elect effective 7 November 2023, subject to regulatory approvals.
Mr McFarlane will complete his term as Westpac Chair at this year’s AGM on December 14.
“When I took on this role in 2020, I made a commitment to shareholders to build a customer- focused digital bank and create a leaner, more agile and better performing company. We have made great progress in achieving these goals and turning Westpac around,” Mr McFarlane said.
Mr Gregg says he’s looking forward to joining the Westpac Board. “It’s an honour to be appointed Chair of Westpac,” Mr Gregg said.
“Westpac is a wonderful company, the oldest company in the country, the first bank, and an organisation that has so much potential. I look forward to making a big contribution. From my observation, Westpac is in a period of transition. After the hard work of simplification over the past three years, now is the time to look forward and have a strong ambition.
My priority will be working closely with fellow directors and the management team to deliver the very best service for our customers and better returns for our shareholders.