Executive Leadership Team changes

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Stock National Australia Bank Ltd (NAB.ASX)
Release Time 17 Mar 2025, 8:11 a.m.
Price Sensitive Yes
 NAB Announces Executive Leadership Team Changes
Key Points
  • Andrew Auerbach to join as Group Executive, Business & Private Banking
  • Rachel Slade to leave NAB on 1 July
  • Nathan Goonan resigns as Group Chief Financial Officer
Full Summary

NAB Group Chief Executive Officer (CEO) Andrew Irvine has announced changes to the bank's Executive Leadership Team. Andrew Auerbach, an experienced business and wealth banker from Canada, will join NAB as Group Executive, Business & Private Banking (B&PB) on 16 June. Rachel Slade, currently Group Executive B&PB, will leave NAB on 1 July, allowing for a transition period and to work with Mr Irvine as a senior adviser. Nathan Goonan has also resigned as Group Chief Financial Officer (CFO) and will leave NAB later this year after meeting his contractual obligations. Transition arrangements from Tuesday 18 March include Michael Saadie, currently Executive, Private Wealth and CEO of JB Were, acting as Group Executive B&PB until Mr Auerbach starts; Shaun Dooley, currently Group Chief Risk Officer (CRO), acting as Group CFO while NAB recruits a new Group CFO; and Peter Whitelaw, currently Executive, Chief Resilience Risk Officer, acting as Group CRO. Mr Irvine said NAB has good business momentum and a clear strategy, and he is confident the bank will maintain momentum while embedding these changes.