Bendigo and Adelaide Bank appoints new chair

Bendigo and Adelaide Bank has appointed Jacqueline Hey as its new chair, replacing Robert Johanson, who will retire from the board following the group’s annual general meeting on 20 October.

Mr Johanson has served on the bank’s board for 31 years as a director and 13 as chair.

Before joining the board of Bendigo and Adelaide Bank in 2011, the bank’s chair-elect, Ms Hey, was the CEO of Ericsson in the UK and Australia, and is currently a non-executive director of Qantas, AGL and Cricket Australia.

Commenting on Ms Hey’s appointment, Mr Johanson said: “I am delighted by the board’s decision to appoint Jacquie as the next chair of the bank.

“She has great business experience and now with deep knowledge of the business and effective engagement with our key stakeholders.

“This will ensure we continue to deliver better outcomes for staff, customers, partners and shareholders.”

Ms Hey added: “I am honoured to be appointed by the board as Bendigo and Adelaide Bank’s new chair and am excited by the opportunity to continue to drive our competitive market position and prosperity for our customers and shareholders and their communities.

“I look forward to working with everybody connected with Bendigo and Adelaide Bank as we strive to be Australia’s bank of choice.”

Bendigo’s announcement follows the news that BOQ chairman Roger Davis will step down from his post following the release of the bank’s full-year results in October and will also abdicate his position on the bank’s board.  

Mr Davis will be replaced by Patrick Allaway, who has been appointed chairman-elect.

[Related: Bank chairman retires, replacement appointed]