Senior Executive Retirement Shakes Up CEO Succession Race
(6 October 2023 - Australia) NAB Chief Digital & Analytics Officer, Angela Mentis, has announced her retirement from the bank after a four decade career, opening up the CEO succession race.
Ms Mentis was viewed as a front runner to take over from CEO Ross McEwan when he eventually steps down from the role. Mr McEwan has steered the group through a tumultuous period since 2019 after successfully turning around RBS in the United Kingdom.
NAB Group COO, Les Matheson, will take on Mentis’ position in addition to his current role. NAB CFO Gary Lennon also departed the bank this year following a 15 year tenure with the group. Favourites to take on the CEO role when it becomes available now include Business Bank Head Andrew Irvine, new CFO Nathan Goonan and Private Bank Head Rachel Slade.
A succession race is also underway at Big Four rival ANZ as CEO Shayne Elliott, the longest serving of Australia’s big four CEOs, nears the end of his time in the role after taking over from Mike Smith in 2016.
"The bank is sorry to lose Ms Mentis, but we understand her decision to retire to spend more time with her family. Angie has always shown what it means to put customers first and has delivered outstanding results by doing that very well during her career,” said Mr McEwan