John Morschel succeeds Goode as chairman of ANZ

Friday 24th July 2009

Australia & New Zealand Banking Group named John Morschel as chairman after Rod Eddington withdrew his acceptance of a directorship and the chairman’s role.

Morschel will take over the board of Australia’s fourth-largest bank in February next year, the lender said in a statement. ANZ owns New Zealand’s largest banking group, ANZ National Bank.

The former managing director of Lend Lease Corp. had held roles including chairman of Rinker Group, Leighton Holdings, CSR and Comalco.

“I look forward to continuing to work with the excellent management team led by Mike Smith in realising our vision to build a super regional bank,” he said.

Smith is leading ANZ Bank’s expansion in Asia, having bid for the regional assets of Royal Bank of Scotland.

Shares of ANZ Bank rose 0.8% to A$16.90 on the ASX and have advanced 11% this year.

Businesswire.co.nz

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