Westpac's NZ chief resigns

Westpac's New Zealand chief has resigned from the bank.

Westpac signage in Sydney

Westpac's New Zealand chief executive Peter Clare has resigned after recent heart surgery. (AAP)

Westpac's New Zealand boss Peter Clare has resigned and will leave the company after recent heart surgery.

The bank on Tuesday announced that, following a recent major medical procedure to correct a heart condition, Mr Clare had decided to take an extended break and provide himself with the best opportunity to make a full recovery.

The bank's chief executive Gail Kelly thanked Mr Clare for his contribution to the group since joining Westpac in 2008.

David McLean, the acting Westpac New Zealand CEO, will continue to act in the role while an internal and external search is undertaken for a replacement.


Share

1 min read

Published

Updated


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world