Andrew Irvine to lead NAB as Ross McEwan departs

• National Australia Bank (ASX:NAB) appoints Andrew Irvine as its new CEO and Managing Director
• Mr Irvine has served as NAB’s Group Executive for Business and Private Banking since 2020
• Mr Irvine will assume his position as of April 2, 2024, succeeding Ross McEwan
• The big four bank announced the outgoing Mr McEwan would be retiring from executive positions
• NAB last traded at $31.96

National Australia Bank (ASX:NAB) has appointed Andrew Irvine as its new CEO and Managing Director, succeeding Ross McEwan CBE.

Mr Irvine has served as NAB’s Group Executive for Business and Private Banking since 2020.

“Andrew is well suited to take NAB into its next chapter of growth and performance for our customers, colleagues and the communities we serve,” NAB Chair Philip Chronican said.

“The customer is front and centre for Andrew. He has lifted our business and private banking performance and been a tireless advocate for the agricultural sector, small business and First Nations business.

“His expertise in digitisation, transformation and modernising has created significant benefits for how our bank operates.”

Mr Irvine’s career spans more than 12 years at BMO, with previous experience at McKinsey & Company, Lycos Europe, and Credit Agricole. He assumes his new role on April 2.

The big four bank announced the outgoing Mr McEwan would be retiring from executive positions after a distinguished career in financial and insurance services.

Both Mr Chronican and Mr Irvine paid tribute to the departing CEO.

“Ross has been exactly the CEO we needed. He came in at a critical time with significant international experience and expertise,” Mr Chronican said.

“I have learned a great deal from Ross during his time as CEO. NAB is on the right trajectory to being a better bank and I will work with my colleagues to continue executing our strategic ambitions,” Mr Irvine said.

NAB last traded at $31.96.