NAB’s Group Executive of Enterprise Services and Transformation, Lisa Gray will leave the bank to pursue CEO opportunities, amid changes to the banks’ executive team announced today.
While some media reports are claiming Thorburn is wielding the axe and others have suggested Gray made the decision to walk out, a NAB spokesman said, “Lisa has made it clear her desire to take on a CEO role somewhere, and will now pursue that opportunity.”
Gray will stay on at NAB for a transition period before exploring other opportunities.
It comes as the NAB’s new CEO, Andrew Thorburn announced four new appointments in the Group Executive team on his first day in the role.
The changes will also see Business Banking Group Executive, Joseph Healy vacate his role, while Chief Risk Officer Bruce Munro and Head of Products and Markets, Rick Sawers will both retire.
Ms. Renee Roberts will take on the role of Executive, Enterprise Services and Transformation, joining the NAB from Bank of New Zealand as Chief Risk Officer.
In a statement released by the bank Mr. Thorburn said there will be no change to the bank’s operating model, “These individuals are banking professionals with experience in business and retail, product, risk and technology and share a desire to work as part of a team leading sustainable change across our organisation.”
The other three new appointments include Angela Mentis, appointed to the role of Group Executive Business Banking, Antony Cahill, appointed to the role of Group Executive Product and Markets and David Gall, appointed to the role of Group Chief Risk Officer.
The remaining members of the executive team will remain in their current positions.
Gray could not be reached for comment.