Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New CEO for ANZ National Bank – An Australian

25 May 2005

New CEO for ANZ National Bank – An Australian

Finsec, the union representing bank workers, has reason to believe the CEO of ANZ National Bank (and previously National Bank), Sir John Anderson, is likely to be replaced as early as the end of the year by an Australian. It is strongly rumoured in Australia that he will be replaced by Graham Hodges, who is currently the Group Manager, Corporate, at ANZ Australia and has previously worked for the IMF in Washington DC.

It has been rumoured that he will be offered this new position as CEO of ANZ National Bank on the basis that he will be able to implement a ‘slash and burn’ approach.

“Both customers and staff will be asking questions about what this will mean for them.” said Finsec’s Campaigns Director, Karen Skinner. “Sir John Anderson’s replacement is the strongest signal yet that ANZ Australia’s model of business may be the business model introduced here. ANZ Australia’s operation has seen unnecessarily aggressive employment relations with its employees. National Bank has traditionally relied on quality customer service, respect for its local and rural communities and good working relations with its staff as its business practice.”

This news comes in the middle of a dispute between ANZ National staff and their employer over the integration of their employment terms and conditions, which has seen rolling strike action around the country continue into it’s third week this week. Workers are seeking equity across the two bank brands.

“Workers at ANZ National are well aware that no bank in Australasia or the wider financial community operates two competing retail brands and, as the ANZ National integration nears its important final phases, business and employment practices seem to be being dictated by Australia. Today’s news further indicates this.” Concluded Ms Skinner.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Gita Hits NZ: 'It Was Literally Like A Wall Of Water'

"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>

ALSO:

America's Cup: Another Day, Another Cup Village Plan

A fourth option modelling what an America's Cup Village in Auckland might look like has arrived today as a planning deadline nears with no agreement in sight.More>>

Closing Or Selling Regionals: Fairfax Starts NZ Endgame

Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More>>

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>

ALSO:

WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>

ALSO:

Stink one!: Stink Bug Invasion Could Cost NZ Billions

An invasion of the brown marmorated stink bug - the pest discovered recently in three Japanese car shipments - would devastate New Zealand's fruit, vegetable and wine industries, destroying more than $4 billion of export value and costing thousands ... More>>