New CEO for ANZ National Bank will need friends

14 October 2005

For immediate release

New CEO for ANZ National Bank will need friends to get ahead

The new CEO for ANZ National Bank, Graham Hodges, faces a challenging year ahead. Mr Hodges, who will replace retiring CEO, Sir John Anderson, at the head of ANZ National Bank will need to survive an increasingly competitive banking industry, the difficult process of merging the bank’s, and ongoing pressure from its Australian owners to send the profits back home across the Tasman.

If Mr Hodges is to succeed he will need the same support and commitment that his predecessor has had at important times in the bank’s history. Finsec, the union representing workers in ANZ National Bank, is keen to meet with Mr Hodges and discuss ways that the bank’s management and staff can work together to address the challenges they face in 2006. ANZ National Bank will spend much of the early part of next year working to align and improve the pays systems for workers in its two bank brands.

“The development of a new pay system will be the first opportunity workers at ANZ National have to see what sort of leader their new boss is.” Said Finsec Campaigns Director, Karen Skinner. “We’re hoping that Mr Hodges takes the opportunity to meet and work inclusively with workers and their union throughout that process.”

“We wish him the best luck in the new job. Workers at ANZ National are known in the industry for their commitment and loyalty and their ongoing support will be crucial to Mr Hodges making a successful impact as a New Zealand Banking CEO.” concluded Ms Skinner.

ENDS

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