Appointment of Anthony Miller as Westpac's CEO

Westpac Banking Corporation (ASX:WBC) has announced the appointment of Anthony Miller as the new Group CEO and Managing Director, effective from 16 December 2024. Anthony Miller, currently the Chief Executive of Westpac's Business & Wealth division, will succeed Peter King, who is set to retire after a 30-year career at Westpac, including five years as CEO.

Chair Steven Gregg and Anthony Miller's Comments on the Appointment

Chair Steven Gregg expressed confidence in Anthony Miller's leadership, citing his integrity, expertise in financial services, and track record of delivery over 25 years. Anthony Miller, on the other hand, expressed his honor and commitment to building on the work of his predecessor, Peter King, and unleashing Westpac's true potential. He emphasized his vision for Westpac to be a bank built on trust and reliability, committed to growing safely and sustainably, completing the Customer Outcomes and Risk Excellence transition, and delivering UNITE, their business and technology simplification.

Summary of Anthony Miller's Appointment and Transition

The announcement of Anthony Miller as the new CEO of Westpac marks a significant transition for the company. With a background in financial services and global banking, Miller's appointment is seen as a strategic move to lead Westpac into a new era. His ambitions for the future of Westpac include returning the company to a position of leadership, building on the foundational work of the past five years, and focusing on customer trust and reliability. The outgoing CEO, Peter King, is praised for his outstanding contribution and commitment to Westpac, leaving behind a legacy of stability and transformation. As Anthony Miller takes the helm, the company looks forward to a seamless transition and a continued focus on growth, risk management, and technology simplification.