NAB appoint Philip Chronican as the next Chairman

Company News

by Rachael Jones

The National Australia Bank (ASX:NAB) Board of Directors announced current Director and interim Group Chief Executive Officer, Philip Chronican, as the next Chairman of NAB. 

His appointment was unanimously supported by Directors. 

He'll replace Ken Henry AC as Chairman later this year. 

Phil told the Board that he did not intend to be considered as a candidate for the CEO role, moving him into the Chairman role. 

The NAB Board of Directors last month established a special committee to manage the selection process for the Group CEO role, chaired by NAB Director Ann Sherry.

The current Chairman will not be a member of the selection committee, which will make a recommendation for the NAB Board to consider.

Shares in The National Australia Bank (ASX:NAB) closed 0.75 per cent higher to $25.46

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.