Major bank announces retirement of CFO

Westpac announced the retirement of CFO Michael Rowland, taking effect once a replacement has been found.

Rowland has been with the lender since 2020, playing a strong role in helping navigate the effects of COVID-19.

“Michael has played an important role in the financial management of Westpac since the disruption of COVID-19 and has been instrumental in establishing Westpac’s strong position,” said Westpac CEO Anthony Miller.

“During his tenure, he’s seen the company through a significant business transformation, maintained a robust capital position and overseen consistent, sustainable returns to shareholders.”

A replacement will be finalised in 2025 at which point Rowland will step down. He will remain in the role until this time.

“Michael is a team player known for his characteristic mix of dedication, attention to detail and sense of humour,” said Miller.

“I thank Michael for his service to Westpac and wish him all the very best as he steps into the next chapter of his career.”

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