Board of directors
David J Turner, Chairman
Mr Turner has been a member of the Board since August 2006 and has been Chairman since February 2010. He is Chairman of the Board Performance and Renewal Committee and a member of the Risk Committee and the People & Remuneration Committee.
Mr Turner has extensive experience in finance, international business and governance.
He was Chairman of Cobham plc from May 2008 until May 2010. He has held a number of Directorships including Whitbread plc and the Iron Trades Insurance Group and has been a member of the Quotations Committee of the London Stock Exchange. He is currently a Director of the Great Barrier Reef Foundation and O’Connell Street Associates.
He was CEO of Brambles Limited from October 2003 until his retirement in June 2007, and formerly CFO from 2001 to 2003. He was also Finance Director of GKN plc, Finance Director of Booker plc and spent six years with Mobil Oil.
Other directorships: O’Connell Street Associates.
Other Interests: Great Barrier Reef Foundation (Director).
Qualifications: Institute of Chartered Accountants in England and Wales (Fellow).
Mr Turner is a resident of New South Wales. Age 67.
Ian M Narev, Managing Director and Chief Executive Officer
Mr Narev commenced as Managing Director and Chief Executive Officer on 1 December 2011.
Mr Narev joined the Group in May 2007. From then until January 2009, he was Group Head of Strategy, with responsibility for corporate strategy development, mergers and acquisitions and major cross business strategic initiatives.
From January 2009 until September 2011, Mr Narev was Group Executive, Business and Private Banking, one of the Group’s six operating divisions.
Prior to joining CBA, Mr Narev was a partner of McKinsey’s New York, Sydney and Auckland offices from 1998 to 2007. He became a global partner in 2003, and from 2005 until his departure in 2007 was head of McKinsey’s New Zealand office. Prior to joining McKinsey, Mr Narev was a lawyer specialising in mergers and acquisitions.
Other directorships: Commonwealth Bank Foundation (Chairman) and Financial Markets Foundation for Children.
Other Interests: Springboard Trust (Chairman) and Louise Perkins Foundation (Trustee).
Qualifications: BA LLB (Hons) (Auckland); LLM (Cantab); LLM (NYU).
Mr Narev is a resident of New South Wales. Age 45.
Sir John Anderson, KBE
Sir John has been a member of the Board since 12 March 2007. He is a member of the Risk Committee and Board Performance and Renewal Committee. Sir John is a highly respected business and community leader, having held many senior positions in the New Zealand finance industry including Chief Executive Officer and Director of ANZ National Bank Limited from 2003 to 2005 and the National Bank of New Zealand Limited from 1989 to 2003.
In 1994, Sir John was awarded Knight Commander of the Civil Division of the Order of the British Empire, and in 2005 received the inaugural Blake Medal for “Outstanding Leadership Contributions to New Zealand”. In 2012 Sir John was awarded an Honorary Doctorate of Commerce by Victoria University, Wellington.
Other directorships: New Zealand Venture Investment Fund (Chairman), PGG Wrightson Limited (Chairman), National Property Trust Limited (Chairman), Steel & Tube Holdings and Turners and Growers Limited.
Other Interests: Canterbury Business Recovery Trust Fund (Trustee).
Qualifications: New Zealand Institute of Chartered Accountants (Fellow), Institute of Financial Professionals New Zealand (Fellow), Institute of Directors (Fellow), Australian Institute of Banking and Finance (Life Member).
Sir John is a resident of Wellington, New Zealand. Age 67.
Jane Hemstritch
Ms Hemstritch has been a member of the Board since 9 October 2006, and is the Chairman of the People & Remuneration Committee and a member of the Risk Committee.
Ms Hemstritch was Managing Director Asia Pacific for Accenture Limited from 2004 until her retirement in February 2007. In this role, Ms Hemstritch was a member of Accenture’s global executive leadership team and oversaw the management of Accenture’s business portfolio in Asia Pacific. Ms Hemstritch had a 24 year career with Accenture, preceded by seven years in the accounting profession.
She holds a Bachelor of Science Degree in Biochemistry and Physiology and has professional expertise in technology, communications, change management and accounting.
She also has experience across the financial services, telecommunications, government, energy and manufacturing sectors and in business expansion in Asia.
Other directorships: Lend Lease, Santos Ltd, Tabcorp Ltd, Victorian Opera Company Ltd and The Global Foundation.
Other Interests: Council of the National Library of Australia (Member), Chief Executive Women Inc. (Member), Walter and Eliza Hall Institute Financial Sustainability Committee (Member), Council of Governing Members of The Smith Family and CEDA’s Policy and Research Committee (Member).
Qualifications: Fellow of the Institute of Chartered Accountants in England and Wales, Fellow of the Institute of Chartered Accountants in Australia, BSc (Hons) London University, Australian Institute of Company Directors (Fellow).
Ms Hemstritch is a resident of Victoria. Age 58.
Launa Inman
Ms Inman has been a member of the Board since 16 March 2011, and is a member of the Risk Committee.
Ms Inman was appointed Managing Director and Chief Executive Officer of Billabong International Limited, effective 14 May 2012. Prior to this, she was Managing Director of Target Australia Pty Limited from 2005 to November 2011, and Managing Director of Officeworks from 2004 to 2005.
Ms Inman won the 2003 Telstra Australian Business Woman of the Year and was winner of the Commonwealth Government Private and Corporate Sector Award.
Other directorships: Managing Director and CEO of Billabong International Limited.
Other Interests: Chief Executive Women Inc. (Member), Australian Institute of Management (Member) and World Retail Congress Advisory Board (Member), The Alannah and Madeline Foundation Board (not-for-profit) and the L’Oreal Melbourne Fashion Festival Board.
Qualifications: MCom, University of South Africa (UNISA), BCom (Hons) (UNISA), BCom (Economics and Accounting) (UNISA), Australian Institute of Company Directors (Member).
Ms Inman is a resident of Victoria. Age 56.
Carolyn Kay
Ms Kay has been a member of the Board since 2003 and is also a member of the Audit Committee, People & Remuneration Committee and Risk Committee. She holds Bachelor Degrees in Law and Arts and a Graduate Diploma in Management.
She has over 25 years of experience in Finance, particularly in International Finance, including working as both a banker and a lawyer at Morgan Stanley, JP Morgan and Linklaters & Paines in London, New York and Australia.
Other directorships: Allens, Brambles Industries Limited, Infrastructure NSW and Sydney Institute.
Other Interests: Chief Executive Women Inc. (Member) and Women Corporate Directors (Member).
Qualifications: BA (Melb), LLB (Melb), GDM (AGSM), Australian Institute of Company Directors (Fellow).
Ms Kay is a resident of New South Wales. Age 51.
Brian Long
Mr Long has been a member of the Board since 1 September 2010. He is the Chairman of the Audit Committee and a member of the Risk Committee.
Mr Long retired as a partner of Ernst & Young on 30 June 2010. Until that time he was the Chairman of both the Ernst & Young Global Advisory Council and of the Oceania Area Advisory Council. He was one of the firms most experienced audit partners with over 30 years experience in serving as audit signing partner on major Australian public companies including those in the financial services, property, insurance and media sectors.
Other directorships: Cantarella Bros. Pty Ltd and Ten Network Holdings Limited (Deputy Chairman).
Other Interests: Chairman of United Way Australia, Member of Council and Chairman of Audit Committee for each of the National Library of Australia and the University of NSW.
Qualifications: Institute of Chartered Accountants in Australia (Fellow).
Mr Long is a resident of New South Wales. Age 66.
Andrew M Mohl
Mr Mohl has been a member of the Board since 1 July 2008 and is a member of the Risk Committee and the People & Remuneration Committee. He has over 35 years of financial services experience. Mr Mohl was Managing Director and Chief Executive Officer of AMP Limited from October 2002 until December 2007.
Mr Mohl’s previous roles at AMP included Managing Director, AMP Financial Services and Managing Director and Chief Investment Officer, AMP Asset Management.
Mr Mohl was a former Group Chief Economist, Chief Manager, Retail Banking and Managing Director, ANZ Funds Management at ANZ Banking Group. Mr Mohl commenced his career at the Reserve Bank of Australia where his roles included Senior Economist and Deputy Head of Research.
Other directorships: Federal Government Export Finance and Insurance Corporation (Chairman) and AMP Foundation.
Other Interests: Coaching services to Chief Executives, Member of the Board of Governors for the Committee of Economic Development of Australia, and the Corporate Council of the European Australian Business Council.
Qualifications: BEc (Hons), Monash.
Mr Mohl is a resident of New South Wales. Age 56.
Harrison Young
Mr Young has been a member of the Board since February 2007. He is Chairman of the Risk Committee and a member of the Audit Committee.
From 2003 to 2007, Mr Young was Chairman of Morgan Stanley Australia, and from 1997 to 2003 Vice Chairman of Morgan Stanley Asia.
Prior to that, Mr Young spent two years in Beijing as Chief Executive Officer of China International Capital Corporation. From 1991 to 1994 he was a senior officer of the Federal Deposit Insurance Corporation in Washington.
Other directorships: NBN Co Limited (Chairman), Better Place (Australia) Pty (Chairman), Humanities 22 Inc., Bank of England ceasing 31 May 2012 and Financial Services Volunteer Corps.
Other interests: Wesley College Advisory Committee.
Qualifications: AB, cum laude, Harvard, LLD, honoris causa, Monash.
Mr Young is a resident of Victoria. Age 67.
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