(27 October 2010 – New Zealand) Charles Pink, chief executive officer of New Zealand’s ASB bank, has resigned from the post for personal reasons.Mr Pink is set to depart the bank at the conclusion of a scheduled board meeting next Tuesday.
Replacing Mr Pink, as acting CEO, is the chief executive of retail banking Ian Park until a permanent replacement can be found, the bank said earlier in the week.
Chairman Gary Judd QC said that the board of ASB was sad to be losing a chief executive of Mr Pink’s calibre.
‘Charles has provided the bank with outstanding leadership over the past two years, and his legacy is a clear strategic direction, a strong leadership team and soundly performing bank”, Mr Judd added.
Mr Judd noted that Mr Pink had in fact advised the board of his decision to resign in early September, and had agreed to delay an announcement while the board considered the steps it wished to take to appoint a replacement.
Mr Pink became ASB’s chief executive in January 2009.