National Australia Bank Limited
(ASX:NAB) non-executive director Patricia Cross will retire effective today, after revealing plans that may be a conflict of interest for the bank.
Mrs Cross advised the board that she intends to join the board of another listed company that has the potential for a conflict of interest and duty with NAB.
She has served on the NAB board for eight years and also had a senior executive position in the bank from 1988 to 1996.
Chairman Michael Chaney says Mrs Cross bought a wealth of banking and business experience to the board and thanked her for her contribution.
NAB delivered a net profit of $2.52 billion in the first half of fiscal 2013.
