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Westpac’s accidental CEO hands successor a potential booby trap

Outgoing boss Peter King has been impressive turning the bank around after a scandal. But his replacement Anthony Miller has one tricky repair job to execute.

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Peter King is sure his second retirement will stick.

Back in April 2020, King was almost out the door when he answered an SOS from new chairman John McFarlane. Westpac was in crisis, with the infamous AUSTRAC scandal engulfing both CEO Brian Hartzer and chairman Lindsay Maxsted.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/westpac-s-accidental-ceo-hands-successor-a-potential-booby-trap-20240909-p5k90j