Westpac slips on exit of key executive
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More news: Shares in Westpac are down more than 25 to $30.61 after the banking major said veteran executive and the head of its consumer banking business, Jason Yetton, will leave the group. Yetton joins a slew of senior executives that have departed the bank in recent months since the elevation of Anthony Miller to Group CEO.
Westpac consumer banking head Jason Yetton to leave
The news: Banking major Westpac says Jason Yetton, the head of its consumer banking business, will leave the group.
The numbers: Yetton has led the consumer division since August 2023. He has held Group Executive roles at Westpac for more than 20 years, and previously also held senior positions in BT Financial Group.
The context: Westpac said a recruitment process is underway for a successor and Yetton has agreed to stay on while the search is underway. The bank did not disclose any reasons for Yetton’s resignation, but his exit comes just months after Anthony Miller was promoted to Group CEO in December. Chief financial officer Michael Rowland had also announced his retirement and a search is on for his successor.
The source: ASX
