Westpac appoints new Chief Financial Officer

ASX
Release
14 JULY 2020
WESTPAC APPOINTS NEW CHIEF FINANCIAL OFFICER
Westpac Group CEO, Peter King, today announced that Michael Rowland has been
appointed the Group’s Chief Financial Officer (CFO), subject to regulatory approval.
Mr Rowland joins Westpac from KPMG, where he is a Partner in Management Consulting,
specialising in financial services.
Mr King said Mr Rowland brings deep experience across the financial services industry
having held senior positions at KPMG, ANZ and ING Australia.
“Michael’s experience is broad across both CFO and business leadership roles. His most
recent experience in consulting as a senior partner at KPMG also brings valuable external
perspectives.
“In particular, Michael’s expertise in business restructuring, delivering sustainable
productivity and revenue programs and in disciplined financial management will be an
important contributor to making Westpac a simpler and stronger bank.
“I’m delighted that Westpac has attracted someone of Michael’s calibre” said Mr King.
Gary Thursby who has been acting CFO since December 2019 will continue acting in this
role until Mr Rowland joins Westpac later in the year.
A
bout Michael Rowland
M
ichael is a seasoned finance and business executive and has been a Partner in
Management Consulting at KPMG since 2014.
Michael previously held a number of senior executive positions at ANZ from 1999 to 2013.
This included CFO Institutional Banking, CFO Wealth, CFO New Zealand, CFO Personal
Financial Services, and business leadership roles as CEO Pacific, Managing Director
Mortgages and General Manager, Transformation.
Following the creation of the ANZ / ING joint venture in 2002, Michael was ING Australia’s
CFO until 2004, where he managed all aspects of the finance function including investor
relations and analyst presentations, as well as driving major cost and revenue initiatives.
Prior to joining ANZ, Michael was Finance Director (1995 to 1999) at AMRAD Corporation
Limited, playing a major role in preparing the company for its ASX listing in 1996.
Level 18, 275 Kent Street
Sydney, NSW, 2000

Michael commenced his career at KPMG where he was promoted to a Tax Partner in 1993.
Michael holds a Bachelor of Commerce, University of Melbourne and a Graduate Diploma
of Taxation Law, Monash University. He is a Fellow of the Institute of Chartered
Accountants in Australia and New Zealand.
For further information:
D
avid Lording Andrew Bowden
Group Head of Media Relations Head of Investor Relations
0419 683 411 0438 284 863
This doc
ument has been authorised for release by Tim Hartin, General Manager & Company Secretary.