Chanticleer
Challenges facing ANZ's new chairman
The annual meeting was a chance for Paul O'Sullivan to send clear messages on shareholder returns. He's off to a good start, but it raises questions about his relationship with CEO Shayne Elliott.
The completion on Wednesday of the first annual meeting chaired by ANZ Banking Group's new chairman, Paul O'Sullivan, is an opportunity to explore how he might influence the future direction of a bank that engenders ambivalence when it comes to the question of strategy.
When O'Sullivan was appointed chairman to replace David Gonski, some leading bankers questioned why a telco guy would be suited to such a role.
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