ANZ's strategic leadership transition

Australia and New Zealand Banking Group (ASX:ANZ) has announced the appointment of Nuno Matos as the new Chief Executive Officer. Matos will take over on July 3, 2025, succeeding Shayne Elliott, who is retiring after nine years. Matos will join the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an Executive Director.

Strategic focus and leadership outlook

ANZ's leadership transition marks a significant milestone with Nuno Matos set to lead as CEO from July 2025. Matos brings over 30 years of banking experience, having held senior roles at HSBC and Santander. He is expected to continue the transformation efforts initiated by Shayne Elliott, focusing on customer migration to ANZ Plus and managing non-financial risks. Elliott, credited with simplifying ANZ's operations and improving its banking arms, will support the transition until September 2025. Matos's appointment is part of ANZ's strategic plan to enhance stakeholder value and maintain the bank's momentum in its ongoing transformation.

Executive insights on leadership transition

ANZ Group Chairman Paul O'Sullivan highlighted Nuno Matos's extensive experience in retail, commercial, and wholesale banking, emphasizing his suitability for leading ANZ's strategic execution. The selection of Matos followed a comprehensive succession planning process, evaluating both internal and external candidates.