ANZ New Zealand says its deputy CEO Steven Fyfe, who stepped in as acting CEO after Jenny Fagg's departure last year, will retire next month.
Fagg was ultimately replaced by fellow Australian David Hisco. ANZ says it will announce how Fyfe's duties will be allocated next month. Fyfe is also on the board of ANZ's finance company subsidiary UDC.
Read ANZ's statement below:
ANZ New Zealand today announced that Steven Fyfe will retire as Deputy Chief Executive in February 2011.
Mr Fyfe’s retirement follows a distinguished 29-year career at The National Bank of New Zealand and since 2004, at ANZ New Zealand.
Commenting on Mr Fyfe’s decision to retire, ANZ New Zealand Chief Executive Officer David Hisco said: “Steven has had an outstanding career in banking. As Deputy CEO, he’s played a large part in maintaining ANZ New Zealand’s position as New Zealand’s leading bank and his experience, knowledge and his quiet and principled presence have been invaluable to the business.
“I want to acknowledge Steven’s major contribution to ANZ New Zealand’s success over the past 29 years and to thank him for the personal support he’s given me since I joined in September,” Mr Hisco said.
An announcement regarding the allocation of Mr Fyfe’s responsibilities will be made in early February.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.