Rabobank New Zealand appoints new chief executive

Wednesday 13th July 2016

Rural lender Rabobank New Zealand has appointed Australian banking executive Daryl Johnson as its new chief executive.

Johnson takes over from Crawford Taylor, who has run the business as interim CEO since October 2015. A West Australian, Johnson was previously chief executive Asia for National Australia Bank having joined the business in 2009. Prior to this, he was managing director business banking for ANZ Bank Australia. He has also previously served as a director of Eftpos New Zealand. He's due to start work at Rabobank immediately having left NAB last year.

Rabobank New Zealand chairman John Palmer said he was delighted to announce the appointment: "Daryl's skills and extensive experience in business and retail banking across a number of countries ideally complement Rabobank's very strong franchise in the New Zealand rural food and agribusiness banking market". Johnson spent part of his early career working in rural and regional banking in Western Australia's wheat belt.

Johnson said he was looking forward to the move having spent considerable time in New Zealand: "The opportunity to lead the world's leading specialist agribusiness bank in one of the world's leading agricultural countries is a great honour."

Interim chief executive Crawford Taylor is to return to his role with Rabobank in Australia.

BusinessDesk.co.nz

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