Major announces leadership shakeup

by Madison Utley19 May 2020

Just over a month after officially naming its new CEO following Brian Hartzer leaving the group in late 2019, Westpac has announced two more executive departures.

Chief executive of consumer David Lindberg and chief information officer Craig Bright will both be leaving the organisation to take up new roles overseas. An international search has already commenced for their replacements.

Westpac CEO Peter King thanked the men for their contribution to the group; Lindberg was recognised for the significant progress he made on improving customer satisfaction and the digital experience and Bright for improving the bank’s technology infrastructure, implementing the Customer Service Hub and achieving significant efficiencies in vendor services.

The bank also announced the appointment of Les Vance to a new role within the organisation of group executive, financial crime, compliance and conduct.

Vance will be moving over from his current position as chief operating officer, consumer division. He has over 25 years of executive experience across line management, transformation and program delivery, operations, and risk and governance.

King said, “Les is a thoughtful and energetic executive who will bring a forensic approach to improving and strengthening Westpac’s financial crime and compliance management.

“Westpac has made significant progress in improving its financial crime capability and I am confident Les will continue to build on this platform of work. His deep understanding of the bank and risk management will help us further strengthen our management of non-financial risk. Les will bring his considerable experience, knowledge and integrity to his new role.”

Through appointing Vance, the group hopes to allow chief risk officer David Stephen to focus more on the financial risk management of the organisation, such as the credit portfolio, especially given the challenges of the COVID-19 pandemic.