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NAB Announces New Incoming Group CEO

NAB Announces New Incoming Group CEO

(7 February 2024 – Australia) NAB has appointed a new incoming group CEO to replace Ross McEwan who will step down from the role on 2 April.

Andrew Irvine, NAB's Group Executive Business and Private Banking, will succeed Mr McEwan. Mr Irvine was previously head of Canadian business banking at the Bank of Montreal (BMO) and also held a range of roles at BMO over more than 12 years. He has also held senior positions with McKinsey, Lycos Europe and Credit Agricole.

Mr McEwan joined NAB in December 2019 following the banking royal commission was described by NAB Chair Philip Chronican as “exactly the CEO we needed”.

“This is a humbling decision by the Board. I am excited by the opportunity to lead NAB, a bank that is core to the financial needs of so many Australians and New Zealanders. I have learned a great deal from Ross during his time as CEO. NAB is on the right trajectory to being a better bank and I will work with my colleagues to continue executing our strategic ambitions” Mr Irvine commented on his appointment.

“I am very mindful of the responsibility of taking what has been built and continuing to grow our positive impact. This should benefit customers, colleagues and shareholders alike. This bank has a tremendous leadership team and colleagues who come to work every day wanting to deliver the best possible services” Mr Irvine added.

“Mr Irvine is a highly capable, internationally experienced banker. I have enjoyed the past four-plus years as CEO and the way in which NAB has improved its performance, standing, trust and reputation. I said when I joined NAB that Australians deserved for NAB to be a world class service provider and we are now closer to that ambition” Mr McEwan said.

“I am confident to be leaving the bank’s customers in good hands with Andrew and the team.”

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