ANZ’s Chairman Charles Goode said: "ANZ will have an excellent new Chairman in John Morschel. He knows ANZ well and we have been working closely over recent months to ensure there is a smooth transition.
“It has been a great privilege to have been the Chairman of ANZ over the past 14 years. Together with my fellow Board directors, the management and staff of ANZ, we have achieved a great deal and I wish them all well in the future,” Mr Goode said.
Mr Morschel said: “Charles has successfully overseen an extraordinary period of change at ANZ and has made an outstanding contribution to business and the community, not only in Australia, but in the Asia Pacific region.
“It’s an honour to succeed him and I am looking forward to continuing to work with the Board, Mike Smith and his management team to realise ANZ’s vision to build a super regional bank,” Mr Morschel said.