ANZ shares rise as tech lead Gerard Florian retires
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More news: ANZ was one of today's best performing stocks after the big four lender announced the retirement of top technology and services executive Gerard Florian.
ANZ shares were up 2.1% to $29.70 at 2:35pm AEST, taking gains to more than 5% since Monday's close.
ANZ tech lead Gerard Florian to depart
The news: ANZ’s group executive technology and group services Gerard Florian will retire from his role on 4 August to pursue non-executive positions.
The context: Florian joined ANZ as tech executive in 2017 and has overseen the group’s technology strategy and infrastructure. Prior to joining the bank he spent 18 months as an adviser to the group board as a part of the ANZ International Technology and Digital Business Advisory Panel.
ANZ Bank New Zealand’s chief information officer Michael Bullock, who has been at the bank since 2009, will act as group executive technology and group services while a permanent replacement is sought. He has also held senior roles at Citi.
What they said: “While I have only worked with Gerard for a short period of time, he leaves ANZ having driven important changes through the organisation,” ANZ chief executive Nuno Matos said.
“Our customer and banker experience is notably better due to the adoption of cloud services, artificial intelligence and enterprise platforms, championed by Gerard.”
Matos also praised Bullock and flagged “his work in leading the successful delivery of the BS11 regulatory project in New Zealand has him well placed to lead technology during a period where we will have an intense focus on improving our approach to non-financial risk”.
The source: ASX
