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Westpac workers surprised by CEO's early departure

4th June 2008
For Immediate release


Westpac workers surprised by CEO's early departure

Westpac workers are expressing surprise at today's announcement that the bank’s New Zealand CEO Brad Cooper will be moving to Australia to oversee Westpac Australia's merger with St George Bank.

"In the short space of time that Brad has been at Westpac we have found him open to working with union members on addressing some long standing issues, it is a shame he won’t be here to see this work through," said Finsec representative Maxine Mullen from Westpac Levin.

"Former CEO Anne Sherry met with union staff representatives once - on her last day. Brad met with us in his first week. We have also met the incoming Acting CEO on a number of occasions and look forward to him maintaining a positive approach to resolving major problems such as target based pay and understaffing," said Mullen

"Westpac staff need stability. With collective agreement negotiations taking place soon staff will be looking for stability and no major shift in direction but we also want to see leadership on the important issues of fair pay, leave arrangements, reducing staff turnover, and fairer targets that are not focused on getting customers into unsustainable debt,"

ENDS

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