National Australia Bank announces Simon McKeon to its Board as Non-Executive Director 20-Jan-2020

– AUSTRALIA, Melbourne –  National Australia Bank Limited (ASX: NAB | LON: 40HT) today announced the appointment of Simon McKeon AO as a non-executive director effective 3d February 2020.

“My fellow directors and I are delighted Simon has accepted our invitation to join the Board and look forward to the insights that he will bring from a range of sectors, including financial services, the law, government, education and charities,” said Mr Chronican, Chairman.

About Simon McKeon

Mr McKeon is a respected and experienced director and business leader with extensive experience in banking, risk management and governance.

Mr McKeon is the Chancellor of Monash University and a non-executive director on the boards of Rio Tinto and Spotless Group. He served as inaugural President of the Banking + Finance Oath’s Review Panel and is a Fellow of the Australian Institute of Company Directors.

Mr McKeon practised as a solicitor before joining Macquarie Group, where he had a 30-year career that culminated in the role of Executive Chairman. Simon has also served as a non-executive director and Chairman of MYOB Limited and AMP Limited, Chairman of the Commonwealth Scientific and Industrial Research Organisation and was the founding president of the Australian Takeovers Panel.

Mr McKeon was named 2011 Australian of the Year and in 2012 was named an Officer of the Order of Australia for his distinguished service to business and commerce through leadership and advisory roles, and to the community as a supporter of national and international charitable, educational and sporting organisations.

Mr McKeon said: “Our largest financial services organisations provide financial stability and essential services to consumers and businesses, while at the same time employing tens of thousands of Australians and providing substantial community support.

“In recent years these organisations including NAB have been subjected to significant and well-founded criticism while also becoming increasingly complicated and challenging entities to run.

“Joining NAB as a director gives me an opportunity to assist the improvement process from the inside, while also supporting the bank’s ambitions at a time of seriously enhanced competition.”

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