Westpac Banking Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Peter King (52 yo)

3yrs

Tenure

AU$5,018,268

Compensation

Mr. Peter Francis King, BEc, FCA, has been the Chief Executive Officer & Managing Director of Westpac Banking Corporation since April 02, 2020 and served as its Acting Managing Director & Chief Executive O...


CEO Compensation Analysis

How has Peter King's remuneration changed compared to Westpac Banking's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022AU$5mAU$2m

AU$6b

Jun 30 2022n/an/a

AU$5b

Mar 31 2022n/an/a

AU$5b

Dec 31 2021n/an/a

AU$5b

Sep 30 2021AU$4mAU$2m

AU$5b

Jun 30 2021n/an/a

AU$5b

Mar 31 2021n/an/a

AU$5b

Dec 31 2020n/an/a

AU$3b

Sep 30 2020AU$3mAU$2m

AU$2b

Jun 30 2020n/an/a

AU$4b

Mar 31 2020n/an/a

AU$5b

Dec 31 2019n/an/a

AU$6b

Sep 30 2019AU$3mAU$1m

AU$7b

Jun 30 2019n/an/a

AU$7b

Mar 31 2019n/an/a

AU$7b

Dec 31 2018n/an/a

AU$8b

Sep 30 2018AU$3mAU$1m

AU$8b

Jun 30 2018n/an/a

AU$8b

Mar 31 2018n/an/a

AU$8b

Dec 31 2017n/an/a

AU$8b

Sep 30 2017AU$3mAU$1m

AU$8b

Jun 30 2017n/an/a

AU$8b

Mar 31 2017n/an/a

AU$8b

Dec 31 2016n/an/a

AU$8b

Sep 30 2016AU$3mAU$1m

AU$7b

Compensation vs Market: Peter's total compensation ($USD3.40M) is about average for companies of similar size in the Australian market ($USD3.73M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Peter King
CEO, MD & Director3yrsAU$5.02m0.0049%
A$ 4.1m
Michael Rowland
Chief Financial Officer2.25yrsAU$2.27m0.00055%
A$ 456.1k
Scott Collary
Chief & Group Executive of Customer Services & Technologyno dataAU$3.17m0.0028%
A$ 2.3m
Christine Parker
Group Executive of Human Resources11.17yrsAU$2.01m0.0011%
A$ 953.7k
Jason Yetton
Chief Executive of Specialist Businesses2.58yrsAU$2.66m0.00084%
A$ 696.6k
Carolyn McCann
Group Executive of Corporate Services0.75yrAU$2.00m0.0023%
A$ 1.9m
Chris de Bruin
Chief Executive of Consumer & Business Banking1.92yrsAU$3.39m0.0024%
A$ 2.0m
Ryan Zanin
Chief Risk Officer0.67yrAU$2.63mno data
Anthony Miller
Chief Executive of Westpac Institutional Bank2.17yrsAU$3.82m0.0041%
A$ 3.4m
Catherine McGrath
Chief Executive Officer of Westpac New Zealand Limited1.08yrsAU$1.43mno data
Andrew Bowden
GM & Head of Investor Relationsno datano datano data
Shannon Finch
Group General Counsel1.08yrsno datano data

2.0yrs

Average Tenure

52yo

Average Age

Experienced Management: WBC's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter King
CEO, MD & Director3yrsAU$5.02m0.0049%
A$ 4.1m
John McFarlane
Independent Non Executive Chairman2.83yrsAU$917.11k0.0013%
A$ 1.1m
Peter Marriott
Independent Non-Executive Director9.5yrsAU$411.41k0.00063%
A$ 522.4k
Michael Hawker
Independent Non-Executive Director2yrsAU$310.73k0.00093%
A$ 771.2k
Christopher Lynch
Independent Non-Executive Director2.25yrsAU$310.28k0.00037%
A$ 306.8k
Nora Scheinkestel
Independent Non-Executive Director1.75yrsAU$337.18k0.00034%
A$ 282.0k
Audette Exel
Independent Non-Executive Director1.25yrsAU$297.94k0.00031%
A$ 257.1k
Nerida Caesar
Independent Non-Executive Director5.25yrsAU$291.69k0.00039%
A$ 323.4k
Jonathan Nicholson
Chairman of Westpac Foundation9.92yrsno datano data
Peter Nash
Independent Non-Executive Director4.75yrsAU$368.22k0.00044%
A$ 364.9k
Margaret Seale
Independent Non-Executive Director3.75yrsAU$368.08k0.00030%
A$ 248.8k

3.0yrs

Average Tenure

62yo

Average Age

Experienced Board: WBC's board of directors are considered experienced (3 years average tenure).