Powered by MOMENTUM MEDIA
subscribe to our newsletter

Gail Kelly nominated for top CEO award

Outgoing Westpac chief executive Gail Kelly has been nominated for Morningstar’s 2014 CEO of the Year award.

Ms Kelly is one of three nominees for the annual award which recognises a chief executive who exhibits corporate stewardship, demonstrates independent thinking, creates lasting value for shareholders, and has put their stamp on an industry.

Michael Holt, head of equity and corporate credit research at Morningstar, said that while long-term accomplishments were important in deciding the winner, “we also evaluate moves made during the calendar year”.

Westpac chairman Lindsay Maxsted praised Ms Kelly as being “one of Australia’s most successful chief executives”, and said her leadership and dedication has seen Westpac emerge as a stronger company.

“During her tenure the value of the company has more than doubled, with market capitalisation increasing from just under $50 billion to around $104 billion,” he said.

Advertisement
Advertisement

“Gail drove the successful merger with St George, which saw the group strengthen its position in retail banking and in wealth.”

Mr Maxsted said Ms Kelly had also overseen the development of a diverse workforce.

“She has personally driven the growth of women in senior executive roles, mature-aged workers and those who work part time,” he said.

The two other nominees for Morningstar’s CEO of the Year award are Gregory Henslee from O’Reilly Automotive and John Martin from Gilead Sciences.

The winner of the award will be announced on CNBC’s Nightly Business Report on 21 January.

PROMOTED CONTENT


Gail Kelly nominated for top CEO award
mortgagebusiness

Latest News

Home loan commitments have soared across Australia and were above year-ago levels in all states and territories despite COVID-19, a new repo...

CBA’s investment fintech, x15ventures, has hired its first non-executive, independent chairman and a new portfolio adviser. ...

The major bank has announced that its group general manager internal audit, Shane Buggle, will take on the role of acting chief financial of...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: Turnaround time blowouts

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.