Mr Goode said: “Two Directors are approaching retirement under the Board’s governance policy. Margaret Jackson will have served on the Board for 15 years in March 2009 and will be retiring on that date in accordance with the policy. Jerry Ellis will have reached 15 years of service in September 2010 and has foreshadowed his intention to retire at the 2009 Annual General Meeting. Both have made a very considerable contribution to the Board and we will be expressing our appreciation for their outstanding service at the time of their retirements.
“I am delighted that Sir Rod Eddington has agreed to join the Board and succeed me as Chairman. He will join the Board early in the second half of 2009 when he has relinquished some of his current commitments and will assume the Chair after a transition period at which time I will retire from the Board. Sir Rod is one of Australia’s most respected business leaders with extensive international business experience and involvement with government.”
Mr Goode said: “It is particularly pleasing to have someone of Sir Rod’s calibre join the Board and succeed me. His experience and success in Australia and internationally, including extensive experience in Asia, will be a significant asset for ANZ.
“In addition, it is a pleasure to announce the appointment from today of Peter Hay and Alison Watkins to the ANZ Board. They will each stand for election at this year’s Annual General Meeting in December. Peter has a background as a leading Australian corporate lawyer and, more recently, in investment banking. Alison has experience in small business, retailing and financial services. I am confident both will make strong contributions to the Board.
“ANZ’s aspiration is to become a super regional bank and this involves further expansion into Asia. I am very pleased that Lee Hsien Yang, one of Asia’s most respected business leaders who lives in Singapore and who has considerable knowledge of the region, has agreed to join our Board from 1 February 2009.
“These are outstanding appointments which add to the Board’s expertise and experience. The appointment of Lee Hsien Yang adds a new and welcome dimension to the Board. The appointments also allow the Board to carefully manage a transition,” Mr Goode said.