National Australia Bank Limited
(ASX:NAB) has today announced the appointment of Andrew Thorburn as its new CEO.
Mr Thorburn joined NAB in 2005 and will replace Cameron Clyne as the chief of the major bank in August.
Mr Thorburn also replaced Mr Clyne when he took the reins of the Bank of New Zealand in 2008.
NAB’s Chairman, Michael Chaney says Mr Thorburn has done a superb job leading the bank’s New Zealand division since 2008, where he lifted cash earning by more than 40 per cent.
NAB reported a net profit of $5.46 billion in the 2013 financial year.
