Simon McKeon appointed to National Australia Bank Board

SYDNEY: The Chairman of National Australia Bank Limited, Philip Chronican, announced the appointment of Simon McKeon AO as a non-executive director of National Australia Bank (NAB), effective 3 February 2020.

McKeon is a respected and experienced director and business leader with extensive experience in banking, risk management and governance.

Mr Chronican said: “My fellow directors and I are delighted Simon has accepted our invitation to join the Board and look forward to the insights that he will bring from a range of sectors, including financial services, the law, government, education and charities.”

Mr McKeon said: “Our largest financial services organisations provide financial stability and essential services to consumers and businesses, while at the same time employing tens of thousands of Australians and providing substantial community support.

“In recent years these organisations including NAB have been subjected to significant and well-founded criticism while also becoming increasingly complicated and challenging entities to run.“Joining NAB as a director gives me an opportunity to assist the improvement process from the inside, while also supporting the bank’s ambitions at a time of seriously enhanced competition.

”Mr McKeon is the Chancellor of Monash University and a non-executive director on the boards of Rio Tinto and Spotless Group. He served as inaugural President of the Banking + Finance Oath’s Review Panel and is a Fellow of the Australian Institute of Company Directors.

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