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Westpac Banking Corp (ASX:WBC) has named Nathan Goonan as its new Chief Financial Officer, replacing Michael Rowland. Goonan, currently Group CFO at National Australia Bank (OTC:NABZY) (NAB.AX), will assume the role later this year, the bank announced Monday.
With over 20 years in financial services, Goonan has held key leadership roles at NAB, overseeing finance, strategy, and mergers & acquisitions. Before becoming CFO, he served as NAB’s Group Executive for Strategy & Innovation, shaping the bank’s long-term growth initiatives.
NAB confirmed Goonan’s departure in a separate filing, appointing Shaun Dooley as interim CFO while searching for a permanent replacement.
Following the announcement, Westpac shares gained 0.7%, while NAB stock dipped 0.6% as of 00:34 GMT.
This leadership change marks a strategic shift for Westpac, as Goonan’s experience in financial planning and acquisitions could play a key role in the bank’s future direction. Investors will closely watch how he steers Westpac’s financial strategy amid evolving market conditions.
