appointment News | The Market Online The Market Online – First with the news that moves markets. Breaking Australian stock market news, ASX 200 announcements and the latest ASX news today. Tue, 29 Apr 2025 00:11:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 Westpac makes new executive appointment to its consumer division https://themarketonline.com.au/westpac-makes-new-executive-appointment-to-its-consumer-division-2025-04-29/ Tue, 29 Apr 2025 00:11:45 +0000 https://themarketonline.com.au/?p=751603 Westpac Banking Corporation (ASX:WBC) continues the rejuvenation of its corporate team, appointing Carolyn McCann as Acting Chief Executive Consumer, while also continuing its search for someone to replace Jason Yetton, whose imminent departure was announced last month.

Ms McCann’s appointment is an internal one, as she is currently Group Executive, Customer & Corporate Services, and will take on the leadership mantle of the Consumer division from 12 May 2025.

Westpac CEO Anthony Miller said this was a wise appointment, given Ms McCann’s achievements thus far.

“Carolyn is an outstanding executive who has overhauled the operations of thebank in her current role,” he said.

“Under Carolyn’s leadership, our broker time to decision has more than halved, scam losses have been reduced by 40% and our customer complaints process has been dramatically simplified.

“Carolyn is a customer-focused leader who empowers her people to act. She will bring this focus to the Consumer division while we continue the search for a permanent chief executive.”

While Ms McCann is acting in this role, Carolyn Hoy – who is current General Manager, Property, Procurement and Resilience – will take on an acting role as Group Executive, Customer & Corporate Services.

This augments Ms Hoy’s 20-year experience with Westpac, in roles across Legal, Compliance and Risk.

Westpac shares have been trading at $32.30.

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Tabcorp up more than 5% after appointing ‘one of the world’s most sought-after wagering executives’ https://themarketonline.com.au/tabcorp-up-more-than-5-after-appointing-one-of-the-worlds-most-sought-after-wagering-executives-2025-01-16/ Thu, 16 Jan 2025 01:36:52 +0000 https://themarketonline.com.au/?p=734561 Tabcorp Holdings (ASX:TAH) has seen its shares jump by more than 5% after the betting company appointed Michael Fitzsimons – the current executive officer of the Hong Kong Jockey Club (HKJC) – as its chief wagering officer.

In his new role, Mr Fitzsimons will oversee all core wagering functions including digital, retail, tote, trading, product, and marketing. He brings more than 20 years experience in global sports betting experience across Europe the U.S., and Asia.

The position was created as a result of Tabcorp’s simplified Executive LeadershipTeam structure – announced in December last year – which evolved to ensure that all wagering functions will fall under one executive.

At HKJC, Mr Fitzsimons has been in charge of strategy, trading, marketing, data, and product development for fixed odds, parimutuel, and lottery products. His current role encompasses oversight of one of the world’s largest totes, including the World Pool platform, along with Risk Management of China Sports Lottery’s 120,000 betting branches.

His prior experience includes the Stars Group, where he was director of International Trading and Operations; a role in which he successfully launched the PokerStars Sportsbook and relaunched SkyBet in Germany and Italy.

He is also on the executive of the World Tote Association (WoTA).

Tabcorp managing director and CEO elect Gillon McLachlan said bringing Mr Fitzsimons on board was an important achievement for the company, especially considering he’s “one of the world’s most sought-after wagering executives.”

“He has a deep knowledge of international sports betting, trading and tote,” he said.

“Michael is a rare find – he knows digital and retail wagering and is one of the few people in the world who can connect both to grow a wagering product.”

Tabcorp last traded at 62.2 cents – a rise of 5.5% since the market opened.

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Peninsula tracks down after crowning new CEO, managing director in staged succession plan https://themarketonline.com.au/peninsula-tracks-down-after-crowning-new-ceo-managing-director-in-staged-succession-plan-2025-01-06/ Mon, 06 Jan 2025 06:44:27 +0000 https://themarketonline.com.au/?p=733132 Peninsula Energy (ASX:PEN) today saw its shares drop by more than 5% after the company appointed a new managing director and chief executive officer as part of a staged succession plan.

George Bauk – who will be stepping into both roles from January 25 – will replace Wayne Heili, who confirmed he’d be stepping down at the end of last year, launching a ‘succession planning process’ from November 15.

Mr Bauk’s appointment caps a 30-year career working in management and project-leading roles in the uranium, rare earths, gold, lithium and graphite sectors, including executive positions with Thunderbird Resources (ASX:THB), PVW Resources (ASX:PVW), and Livium Ltd (formerly Lithium Australia).

He was also, for a long spell, managing director and CEO of Northern Minerals Ltd (formerly Northern Uranium) between 2010 and 2020.

Mr Heili – who will continue working with Peninsula as a technical advisor – said he was happy to be handing over the reins to someone of Mr Bauk’s experience, particularly in light of plans to restart operations at the Lance project in Wyoming.

“I have served as MD and CEO of Peninsula since early 2017 and I’m extremely proud of what the company has achieved during this time,” he said.

“We have built an exceptionally unified and innovative team, overcome challenges and maintained our focus to restart operations at Lance to place the company in a strong position for success and significant value creation.

“Through the restart of operations at Lance, Peninsula can now provide a secure andsustainable uranium supply for an energy-hungry, low-carbon future.”

Mr Bauk said he was pleased to be joining the company at such a critical time, as uranium prices have risen to US$75 per pound – an increase of 2.74% since the beginning of 2025.

“The uranium market is experiencing a remarkable resurgence, driven by the growing global demand for clean, reliable energy,” he said.

“As nations prioritise reducing carbon emissions and enhancing energy security, uranium’s role in fuelling nuclear power has become more critical than ever.”

At 16:25 AEDT, PEN shares were trading at $1.39.

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Shayne Elliott to step down at ANZ, HSBC exec named as new CEO https://themarketonline.com.au/shayne-elliott-to-step-down-at-anz-hsbc-exec-named-as-new-ceo-2024-12-09/ Sun, 08 Dec 2024 23:01:03 +0000 https://themarketonline.com.au/?p=729439 ANZ (ASX:ANZ) has announced its chief executive officer Shayne Elliott will be stepping down after nine years, to be replaced by former HSBC executive Nuno Matos.

Mr Matos – who will take over the role of CEO on July 3, 2025 – comes to the role with 30 years of experience across multiple sectors of banking, most recently as HSBC’s CEO of Wealth and Personal Banking.

He spent nine years at the latter global bank, holding roles such as Chief Executive Officer of HSBC Bank plc and HSBC Europe, as well as CEO Mexico (one of HSBC’s biggest markets) and Regional Head of Retail Banking in Latin America.

Mr Nunos has also worked at Santander, where he was Global Head of Consumer in its Retail and Commercial Division.

ANZ Group chairman Paul O’Sullivan said he believed this appointment would be an important step for the ‘big four’ bank going forward.

“We are very pleased an international banker of Nuno’s calibre and extensive experience will be joining ANZ as our new chief executive to lead the execution of our strategy,” he said.

“Nuno’s appointment is the culmination of long-term systematic work by the board onleadership succession.

“Having assessed multiple external and internal candidates, we know Nuno is the rightperson to build on the transformation already well progressed under the leadership of Shayne and his team.”

“Critically, Nuno has led several bank business, risk and technology transformations, which will be a significant benefit as we prepare to scale the migration of customers, including those from Suncorp Bank, across to ANZ Plus as well as supporting our focus on non-financial risk.”

Mr Elliott first joined ANZ in 2009 having also served as Global Managing Director Institutional and the Group’s Chief Financial Officer.

ANZ has been trading at $31.15 this morning.

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Westpac appoints former Deutsche and Goldman Sachs executive to the top job https://themarketonline.com.au/westpac-appoints-former-deutsche-and-goldman-sachs-executive-to-the-top-job-2024-09-09/ Sun, 08 Sep 2024 22:23:03 +0000 https://themarketonline.com.au/?p=714439 Westpac Banking Corporation (ASX:WBC) has appointed a new Group CEO and Managing Director – Anthony Miller – replacing Peter King, who has been in the former role for five years, and with the bank itself for 30.

Mr Miller is currently Chief Executive of Westpac’s Business & Wealth division, and his prior experience in executive roles included working at Deutsche Bank as CEO of the Australia/New Zealand division and Co-Head of Investment Bank, APAC.

He was also a Partner at Goldman Sachs, having spent 16 years working there.

Westpac Chair Steven Gregg said Miller’s extensive experience in the sector would position him as a strong leader in this role.

“Anthony is an exceptional leader. He’s an individual of integrity and he’s ready to leadAustralia’s oldest company,” he said.

“He has deep expertise in financial services and global banking and has built a considerable track record of delivery over 25 years.

“Anthony is ambitious for the future of Westpac and its customers. Since joining Westpacin 2020, he’s put the Institutional Bank on a path to reclaiming its leadership position.

“He’s spent the past year leading Business & Wealth, restoring growth and focusing oncustomers.”

Gregg also acknowledged the efforts and initiative of Peter King in the role.

“Peter’s time as CEO will forever be defined by his courage and commitment to Westpac.He leaves a significant legacy and we owe him a great debt of gratitude,” he said.

Westpac shares moved down on the news, and by 12:15 AEST, they were trading at $31.67 – a fall of 1.34% since the market opened.

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