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ANZ National Bank media comment

ANZ National Bank media comment - May 25 2005

The following is media comment the Bank has made today in response to Finsec speculation about the position of ANZ National Bank's CEO:

"Sir John Anderson has not announced any proposed date for retirement; all of the ANZ Group senior team are on one year contracts and Sir John has just renewed his contract into 2006. The senior management team is focussed on the year ahead and not engaging in leadership speculation.

"Finsec's attempt at scaremongering will not appeal to the vast majority of staff at ANZ and The National Bank, who have one of the highest rates of employee engagement in New Zealand. These publicity stunts are merely desperate efforts to revitalise an employee relations issue within the Bank that we believe does not have the support of most staff."


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