Phil Chronican, a non-executive director who has been appointed acting CEO, is a safe pair of hands, having had a lengthy career at Westpac before ending his executive career running ANZs Australasian businesses.
Having a temporary CEO and a chairman simply warming the chair until the new CEO is found is, however — at this point in NABs history — obviously undesirable.
NAB hasnt put a timeframe around what is says will be a global search for Thorburns successor (as well as some new directors) although it did say that it would actively consider internal candidates.
In its circumstances, former NSW Premier Mike Baird, with his mix of political skills and banking experience, would be a tempting option although there are number of other well-…
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