You're doing just fine on your own. Mr King had been chief financial officer prior to being chosen as acting chief executive in November, when former boss Brian Hartzer stepped aside amid the bank's money laundering and child exploitation scandal. A free inside look at company reviews and salaries posted anonymously by employees. 1.2k Reviews. Gail Kelly (née: Currer) (born 25 April 1956) is a South African-born Australian businesswoman. See All 1,359 Reviews. Approves of CEO. 1,155 Westpac Group reviews. management change. She is the former chief executive officer (CEO) of Westpac, stepping down from the role on 1 February 2015.She was replaced by Brian Hartzer, previously Westpac's financial services chief executive. Westpac chairman John McFarlane says Kings appointment will provide the necessary management sta Ben Butler. Cons. 55 % Neutral. Westpac appoints new CEO on $2.4million a year to provide stability during the coronavirus crisis. 30 % Negative. Published: November 26, 2019 11:47 Bloomberg. Great benefits Great team Health insurance. Approves of CEO. Long-serving executive Peter King to take the reigns as CEO of Westpac Bank At the time of writing, our data says that Westpac Banking Corporation has a market cap of AU$101b, and reported total annual CEO compensation of AU$6.6m for the year to September 2018. By Alex Druce. Is this your company? Awesome team and co-workers. Visit PayScale to research Westpac Banking Corp salaries, bonuses, reviews, benefits, and more! Long-term Westpac (ASX: WBC) executive Peter King (pictured) has been appointed CEO today for a period of two years. The average salary for Westpac Banking Corp employees in Australia is AU$90,795 per year. Photograph: Lukas Coch/AAP. Westpac CEO Brian Hartzer has resigned over money-laundering scandal which has rocked the bank. westpac The highest paid banking executive last financial year was Westpac’s Brian Hartzer. See All 127 Reviews. 1,155 Westpac Group reviews. We think total compensation is more important but we note that the CEO salary is lower, at AU$2.7m. 4.1 ★ ★ ★ ★ ★ (72 Reviews) Diversity & Inclusion FAQs. Mon … Westpac has permanently appointed Peter King as chief executive on a $2.4 million salary with incentives. Pros. Advice to Management. I can't think of any. Lima joined Westpac from HSBC where he was group head of wealth management and was previously group head of strategy in London and a partner at consulting firm McKinsey & Co. Mr King’s contract terms, including a base salary of $2.4m and the potential to earn an additional $2.4m in short-term bonuses, remain unchanged, except for the removal of the two-year term. Westpac CEO Hartzer Resigns Amid Money-Laundering Scandal By . View All num of num Close (Esc) Westpac Group. I worked at Westpac New Zealand full-time (Less than a year) Pros. Emily Cadman. Finance Finance News Westpac CEO challenged over $5.5 million salary and incentives 10:00pm, Oct 11, 2018 Updated: 10:21pm, Oct 11 Westpac CEO Brian Hartzer was … FILE PHOTO: Australia's Westpac Banking Corp's Chief Executive Officer (CEO) Brian Hartzer speaks during a media conference in Sydney, Australia, November 6, 2017. Diversity & Inclusion at Westpac Group. Chief executives at New Zealand's biggest companies got a pay rise of 3.3 per cent last year - the lowest increase since 2011. Westpac CEO resigns amid scandal . Westpac chief Brian Hartzer was paid $6.7 million last financial year - less than its predecessor Gail Kelly, but still about 80 times as much as the average Australian worker. The bank’s CEO, Brian Hartzer, was given 12 months’ notice and will still get his $2.7 million Australian dollar salary ($1.83 million). More than half of the FMA's 241 staff now earn over $100k. Westpac CEO Brian Hartzer Image by AAP/LUKAS COCH. I have been working at Westpac Group full-time for less than a year. CEO, chairman out at scandal-hit Westpac. King, who was appointed as acting CEO of Westpac in December 2019, has 25 years of experience at the bank. Westpac New Zealand 2020-09-28 01:05 PDT. November 25, 2019, 4:06 PM EST Updated on November 26, 2019, 12:37 AM EST 4:35. 1.4k Salaries. (This is based on the year to September 2018). Journalists with media enquiries can contact a member of the media relations team: Phone: +61 2 8219 8512 Email: westpacmediarelations@westpac.com.au If you have a media enquiry for Westpac economists, please contact: 18 Dec, 2020 04:00 PM 6 minutes to read. Mrs Kelly, CEO since February 2008, earned a total salary package of $9.17 million for the 2013 year, down from $9.6m last year, Westpac's annual report revealed today. Positive. 282 … Westpac has hired Guilherme Lima as chief executive of its new restructured Business division, to start later this year. But complex bonuses and incentive payments take CEO salaries – including Mr Hartzer’s – into the stratosphere. Hartzer will be given 12 months' notice and paid out A$2.7 million in salary, but will forfeit all bonuses. Westpac New Zealand provides online banking, everyday transaction accounts, home loans & mortgages, credit cards, foreign exchange, insurance, savings and investment solutions to … Contact media relations. 2019-11-26 03:51:15. A free inside look at company reviews and salaries posted anonymously by employees. Westpac has cut bonuses for all of its tellers so they can focus on good service - but the bank's CEO will still get more than $1million added to his massive salary. Bad air conditioning No parking Too much diversity. Mr Hartzer was given 12 months' notice and will still get his $2.7 million salary, but forfeits up to $20 million in bonuses. A very kind and forward-thinking group. According to our data, Westpac Banking Corporation has a market capitalization of AU$98b, and pays its CEO total annual compensation worth AU$6.6m. Experience 27 Ratings. View All num of num Close (Esc) Westpac New Zealand Interviews. 483 Jobs. He has been given a 12-month notice period and will be paid A$2.68m (£1.4m; $1.82m) salary during that time. Cons . The bank allegedly failed to report more than A$11 billion in payments. Salaries; Interviews; Search. Overview Overview. Business Insider: FMA's growing army, Simon Power tipped as possible next Westpac CEO. November 26, 2019. Experience. Westpac chairman Lindsay Maxsted will bring forward his retirement to the first half of 2020.