Appointment of Non-executive Directors to Westpac Board

ASX
Release


28 February 2023

Appointment of Non-executive Directors to Westpac Board

Westpac Banking Corporation (Westpac) has today announced the appointment of Tim
Burroughs and Michael Ullmer AO as independent Non-executive Directors, subject to
regulatory approval. Tim’s appointment is expected to be effective on 10
th
March 2023 and
Michael’s appointment is expected to be effective on 3
rd
April 2023.

The two new appointments replace former directors Steven Harker and Peter Marriott.
Westpac Chairman, John McFarlane said, “We are delighted to welcome Tim and Michael
to the Board as we continue the process of Board renewal. Westpac will benefit greatly
from their respective extensive experience in the financial services industry, including
management experience in regulated entities in Australia and internationally. Both
appointments will further strengthen the Board and complement the skills and experience
of the existing Directors”.


About Tim Burroughs

Mr Burroughs has more than 40 years’ experience in finance, international banking and
mergers and acquisitions. Mr Burroughs was formerly Chairman of Investment Banking at
Goldman Sachs Australia, where he worked for 11 years. Prior to this, Tim held senior
positions at Merrill Lynch including Chairman of Mergers and Acquisitions. From 1993-
1997, Tim was Principal at Centaurus Corporate Finance, a leading independent advisory
firm.


About Michael Ullmer AO

Mr Ullmer has more than 40 years’ experience in international banking, finance and
professional services. Mr Ullmer is the Chairman of Lendlease Corporation and was
formerly a Non-executive Director of Woolworths Limited. Mr Ullmer was previously the
Deputy Group Chief Executive Officer of the National Australia Bank (NAB) from 2007 to
2011. He joined NAB in 2004 as Finance Director and held a number of key positions
including Chairman of the subsidiaries Great Western Bank (US) and JB Were. Prior to
NAB, Mr Ullmer was at Commonwealth Bank of Australia initially as Group Chief Financial
Officer and then Group Executive with responsibility for Institutional and Business
Level 18, 275 Kent Street
Sydney, NSW, 2000

Banking. Before that, he was a Partner at accounting firms KPMG (1982 to 1992) and
Coopers & Lybrand (1992 to 1997).



For further information:

Hayden Cooper Justin McCarthy
Group Head of Media Relations General Manager, Investor Relations
0402 393 619 0422 800 321


This document has been authorised for release by Tim Hartin, Company Secretary.