Peter King, Westpac Group CEO, announced today that Michael Rowland has been appointed the Groups CFO, subject to regulatory approval.
Rowland joins the firm from KPMG, where he is a partner in management consulting, specialising in financial services.
King noted that Rowland brings extensive experience across the financial industry to his new role.
“Michael’s experience is broad across both CFO and business leadership roles. His most recent experience in consulting as a senior partner at KPMG also brings valuable external perspectives”, Kind said.
“In particular, Michael’s expertise in business restructuring , delivering sustainable productivity and revenue programs and in disciplined financial management will be an important contributor to making Westpac a simpler and stronger bank”, he continued.
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“I’m delighted that Westpac has attracted someone of Michael’s calibre,” King concluded.
Gary Thursday to leave later this year
Gary Thursday, who has been acting CFO since December 2019 will continue in this role until Rowland joins the firm later in the year.
Rowland held senior positions at KPMG, ANZ and ING Australia earlier in his career.
Following the creation of the ANZ/ING joint venture in 2002, Rowland was ING Australia’s CFO until 2004. He managed all aspects of the finance function including investor relations and analyst presentations. He was also responsible for driving major cost and revenue activities.
Prior to joining ANZ, Rowland was finance director (1995 to 1999) at AMRAD Corporation Limited, playing a major role in preparing the company for its ASX listing in 1996.