EXECUTIVES – AUSTRALIA – APPOINTMENTS AND RETIREMENTS

I’m ready to lead ABC full-time, says fill-in boss

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Original article by Lilly Vitorovich, Stephen Brook
The Australian – Page: 2 : 18-Oct-18

David Anderson has expressed interest in becoming the ABC’s MD if he is offered the role. Anderson has been acting MD following the dismissal of Michelle Guthrie in late September. He says that maintaining the public broadcaster’s independence would one of his top priorities in the role. Meanwhile, ABC veteran Michael Mason has resigned as director of regional and local content; he has stressed that his departure is unrelated to the ABC’s recent leadership turmoil.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION

Senior ABC executive plans departure

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Original article by Stephen Brook
The Australian – Page: 24 : 1-Oct-18

Sources within the ABC have indicated that the public broadcaster’s editorial director Alan Sunderland intends to retire in the next six months or so. He stresses that his impending retirement is not related to the recent management upheaval at the ABC. Sunderland was appointed to the position in April 2013, and he says that he had always intended to be in the role for no more than five years. Sunderland has effectively been editor-in-chief at the ABC, and former MD Jonathan Shier says the two roles should be separate.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIAN LABOR PARTY

Hagger NAB exit opens way for Baird

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Original article by James Eyers
The Australian Financial Review – Page: 1 & 18 : 18-Sep-18

National Australia Bank has appointed former New South Wales premier Mike Baird as chief customer officer of consumer banking, after Andrew Hagger resigned as the head of consumer banking and wealth. Hagger said he will accept responsibility for the fee-for-no-service scandal that was exposed by the banking royal commission, and fund managers say his position had become untenable following the revelations. Baird, who is currently NAB’s head of corporate and institutional banking, is now regarded as a leading contender to eventually succeed CEO Andrew Thorburn.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, WILSON ASSET MANAGEMENT, ALPHINITY CONCENTRATED AUSTRALIAN SHARE FUND, PERPETUAL LIMITED – ASX PPT, AMP LIMITED – ASX AMP, AUSTRALIAN GREENS, WESTPAC BANKING CORPORATION – ASX WBC, BANK OF NEW ZEALAND, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CLAYTON UTZ

NAB operations boss quits as Baird firms for top job

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Original article by James Eyers
The Australian Financial Review – Page: 15 & 18 : 28-Aug-18

Former New South Wales premier Mike Baird is now regarded as the leading internal candidate to eventually succeed National Australia Bank CEO Andrew Thorburn. COO Antony Cahill had been seen as a potential successor, but he will leave the bank in mid-September to take up a role at Visa in the UK. Andrew Hagger was also regarded as a contender to replace Thorburn, but he attracted scrutiny by the banking royal commission over the fee-for-no-service scandal. External candidates are said to include former Westpac executive Jason Yetton.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, VISA INTERNATIONAL, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, WESTPAC BANKING CORPORATION – ASX WBC, SOCIETYONE AUSTRALIA PTY LTD, MLC LIMITED, PERPETUAL LIMITED – ASX PPT

Kaufland set to open first store, suppliers told

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Original article by Eli Greenblat
The Australian – Page: 19 : 30-Apr-18

Grocery suppliers have been advised by German supermarket operator Kaufland that it plans to open its first Australian stores by the end of 2018. Kaufland has been advertising for executives in the past few months, with former Metcash and Woolworths executive Mark Hewlett joining it as chief operating officer. Its latest advertisements have called for executives with experience in areas such as fashion, accessories and homewares, leading to suggestions that it might be trying to take customers from general merchandise stores such as Kmart, Target and Big W.

CORPORATES
KAUFLAND STIFTUNG & CO KG, METCASH LIMITED – ASX MTS, WOOLWORTHS GROUP LIMITED – ASX WOW, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, DAVID JONES LIMITED, MYER HOLDINGS LIMITED – ASX MYR

New CBA chief executes purge of the Narev executive old guard

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Original article by James Eyers
The Australian Financial Review – Page: 1 & 18 : 27-Mar-18

The Commonwealth Bank has made further changes to its executive team as it transitions from Ian Narev to new CEO Matt Comyn. Kelly Bayer Rosmarin, Melanie Laing and David Whiteing are the latest senior executives to depart in the wake of Austrac’s money-laundering investigation. Alphinity Investment Management’s Andrew Martin says some management changes were inevitable, and the shake-up will allow Comyn to start with a clean slate. Bayer Rosmarin had been a contender to succeed Narev.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, AMP LIMITED – ASX AMP, UNIVERSITY OF NEW SOUTH WALES

Former insiders cast doubt on company trading update

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 8 : 23-Jan-18

Listed real estate firm McGrath advised the ASX of an earnings downgrade on 22 January. McGrath reported that it expects to make a loss of $A50,000 for the first half of 2017-18, although internal documents provided to a newspaper suggested that the figure might be a lot higher. Past employees of McGrath suggest that the figures it provided to the ASX were somewhat optimistic. It is also understood that Peter Malouf recently resigned as head of training at McGrath, as did Michael Conolly as head of network property management.

CORPORATES
McGRATH LIMITED – ASX MEA

Speculation ends as ABA names ANZ’s Elliott as chairman

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Original article by James Frost
The Australian Financial Review – Page: 13 : 17-Oct-17

ANZ Bank CEO Shayne Elliott will succeed his National Australia Bank counterpart Andrew Thorburn as chairman of the Australian Bankers’ Association. The role is traditionally rotated between the CEOs of the four major banks, and Ian Narev had been expected to take up the role prior to announcing that he will step down as Commonwealth Bank CEO by mid-2018. Elliott had taken a less hostile approach to the Federal Government’s proposed bank levy than his peers earlier in 2017.

CORPORATES
AUSTRALIAN BANKERS’ ASSOCIATION, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN LABOR PARTY

Barnaba quits Macquarie for RBA board

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Original article by Julie-anne Sprague
The Australian Financial Review – Page: 24 : 30-Jun-17

Federal Treasurer Scott Morrison has announced that Mark Barnaba will replace John Akehurst as Western Australia’s representative on the board of the Reserve Bank. Barnaba will step down as the head of global resources at Macquarie Capital to take up the central bank role. Macquarie Group CEO Nicholas Moore has praised Barnaba’s contribution to the investment bank. He is also chairman of Macquarie’s WA division.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, MACQUARIE CAPITAL PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, UNIVERSITY OF WESTERN AUSTRALIA, BLACK SWAN THEATRE COMPANY LIMITED, WESFARMERS LIMITED – ASX WES, AUSTRALIAN FOOTBALL LEAGUE, HIGH COURT OF AUSTRALIA, FORTESCUE METALS GROUP LIMITED – ASX FMG, WEST COAST EAGLES FOOTBALL CLUB

Activist’s press role a bad call, says ALP

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Original article by Darren Davidson
The Australian – Page: 3 : 8-Jun-17

The Australian Press Council is facing growing scrutiny over the appointment of GetUp’s deputy chair Carla McGrath to its board. Shadow communications minister Michelle Rowland says confidence in the APC may be undermined by the appointment of a senior member of the political activist group, and she has stressed the need for the APC to ensure that it avoids any conflicts of interest. Opposition Leader Bill Shorten is a former director of Getup.

CORPORATES
AUSTRALIAN PRESS COUNCIL, GETUP LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS