In a bid to enhance its competitive position in the financial services space, Westpac has made significant changes to its executive team.
In announcing the changes yesterday, Westpac chief executive Gail Kelly said the bank’s current group executive human resources and transformation Peter Hanlon would take on the role of group executive transformation and productivity
“Productivity improvement is a critical group priority, and although we have made significant progress in this area since we briefed the market on productivity initiatives last October, we have decided to lift the pace,” Ms Kelly said.
“As group executive transformation and productivity, Peter will retain accountability for the Group’s transformation agenda and further drive the identification, planning and resourcing of productivity initiatives throughout the Group. This will include continuing to optimise the investments we have made in our multi-brand strategy as well as the benefits from our Strategic Investment Priorities (SIP) program. Peter will relinquish his current human resources responsibilities.”
Ms Kelly said Christine Parker would take on the role of group executive human resources & corporate affairs.
The new roles for Peter Hanlon and Christine Parker will take effect on 1 October 2011.
“I also take the opportunity to announce today that with effect 15 December 2011, our chief strategy officer of the past five years, Jon Nicholson, will cease his full time role with Westpac. I am, however, very pleased that Jon will continue to work with us on a part-time basis, ensuring that his knowledge, experience and wisdom are not lost to the Group,” she said.