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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>