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Kiwibank Chief Executive Resigns
Kiwibank Chief Executive Resigns
The Chief Executive
of Kiwibank, Paul Brock, today announced he will be
resigning after seven years leading the company. He will
leave at the end of the year.
Mr Brock has been with
the bank for more than 17 years, being part of the team that
created and then launched the bank in 2002 . He was
appointed Chief Executive in September 2010. The bank now
has more than a million customers.
Chair of the bank
Dr Susan Macken paid tribute to Mr Brock’s leadership
through a period of rapid growth and said he had done a
great job setting the bank up to continue to expand and
prosper. She said the board and the shareholders thanked him
for his contribution to making the bank such a success and
wished him well with his future endeavours. She said a
search for a new CEO would begin immediately.
In the last year there have been major changes to the bank including New Zealand Post selling 47 per cent of its shareholding of the bank to the New Zealand Super Fund (25%) and ACC (22%).
Mr Brock said he has had a “very rewarding” 17 years with the bank but he would now like to take a break and consider what the future holds.
Mr Brock thanked the staff and management for their loyalty and commitment to making the bank a success.
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