Westpac has added the former CFO of Rio Tinto to its board as it attempts an executive reset in the wake of multiple senior departures.
Christopher Lynch will step into the role, effective 1 September 2020. Mr Lynch will also become a member of the board audit committee and board risk committee upon his appointment.
“We are delighted to welcome Chris to the board as we continue the process of board and executive renewal,” said chairman John McFarlane. “Chris will bring new insights to the board with his senior domestic and international experience.”
From 2013 to 2018, Mr Lynch was global chief financial officer of Rio Tinto, based in London. Prior to his work with Rio Tinto he was CEO of Transurban from 2008 to 2012, and has held senior executive positions at BHP, including CFO and group president for carbon steel materials.
“It is an honour to join the board of Australia’s oldest company,” Mr Lynch said. “A robust banking sector is essential for the Australian and global economy. I look forward to working with John and the [board].”
Mr Lynch has also worked at Alcoa, both in Australia and internationally. He holds a master of business administration and a bachelor of commerce from Deakin University. He is a fellow of CPA Australia.
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