Bank CEO announces retirement

by Julia Corderoy27 Mar 2015
Heritage Bank chief executive, John Minz has today announced that he will retire later this year, when the term of his current contract concludes.

Minz joined the mutual bank in 1993 as Head of Internal Audit. After fulfilling a number of managerial roles, he became deputy chief executive in 2002 and then was appointed chief executive in 2003. He said his decision to leave comes with considerable sadness.

“I look back with enormous satisfaction at the culture we have created and the way this organisation has evolved. Despite the GFC and a prolonged period of strong competition, we have grown to be Australia’s largest mutual bank. I leave knowing that Heritage has a proven performance pedigree and is in a very strong position.

“However, there comes a point when you know it is the right time to walk away and entrust the CEO responsibilities to the next person honoured to take on this stewardship role.”

Heritage will advertise the CEO position nationally in newspapers and online on 17 April, with applications to close at the end of May. 

Minz said he will now look for non-executive opportunities to support his current charitable and community interests.