Chanticleer
The key person in NAB succession wasn’t the new CEO
National Australia Bank’s handover to new CEO Andrew Irvine is being held up as the new gold standard in succession planning. Chairman Philip Chronican explains how it went down.
After two years lining up and watching internal candidates, and scouting external options, National Australia Bank’s board broke for Christmas knowing it had a big decision to make.
Ross McEwan, the banker NAB had lured back to Australia from Royal Bank of Scotland, was sticking true to his word that he was at the country’s second-most valuable bank for a good time, not a long time.
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