Emily Cadman. Mrs Kelly, CEO since February 2008, earned a total salary package of $9.17 million for the 2013 year, down from $9.6m last year, Westpac's annual report revealed today. Hartzer will be given 12 months' notice and paid out A$2.7 million in salary, but will forfeit all bonuses. Journalists with media enquiries can contact a member of the media relations team: Phone: +61 2 8219 8512 Email: westpacmediarelations@westpac.com.au If you have a media enquiry for Westpac economists, please contact: 18 Dec, 2020 04:00 PM 6 minutes to read. Visit PayScale to research Westpac Banking Corp salaries, bonuses, reviews, benefits, and more! 1,155 Westpac Group reviews. 1.2k Reviews. Bad air conditioning No parking Too much diversity. 483 Jobs. The bank’s CEO, Brian Hartzer, was given 12 months’ notice and will still get his $2.7 million Australian dollar salary ($1.83 million). A free inside look at company reviews and salaries posted anonymously by employees. Long-serving executive Peter King to take the reigns as CEO of Westpac Bank More than half of the FMA's 241 staff now earn over $100k. According to our data, Westpac Banking Corporation has a market capitalization of AU$98b, and pays its CEO total annual compensation worth AU$6.6m. Business Insider: FMA's growing army, Simon Power tipped as possible next Westpac CEO. She is the former chief executive officer (CEO) of Westpac, stepping down from the role on 1 February 2015.She was replaced by Brian Hartzer, previously Westpac's financial services chief executive. November 25, 2019, 4:06 PM EST Updated on November 26, 2019, 12:37 AM EST 4:35. management change. Westpac CEO Hartzer Resigns Amid Money-Laundering Scandal By . I can't think of any. Mon … Ben Butler. Salaries; Interviews; Search. 55 % Neutral. See All 127 Reviews. Long-term Westpac (ASX: WBC) executive Peter King (pictured) has been appointed CEO today for a period of two years. A very kind and forward-thinking group. November 26, 2019. Westpac CEO Brian Hartzer has resigned over money-laundering scandal which has rocked the bank. Pros. King, who was appointed as acting CEO of Westpac in December 2019, has 25 years of experience at the bank. Advice to Management. You're doing just fine on your own. Approves of CEO. Diversity & Inclusion at Westpac Group. Awesome team and co-workers. 1.4k Salaries. 282 … Mr Hartzer was given 12 months' notice and will still get his $2.7 million salary, but forfeits up to $20 million in bonuses. Westpac has permanently appointed Peter King as chief executive on a $2.4 million salary with incentives. Overview Overview. Chief executives at New Zealand's biggest companies got a pay rise of 3.3 per cent last year - the lowest increase since 2011. Westpac New Zealand 2020-09-28 01:05 PDT. Great benefits Great team Health insurance. Westpac New Zealand provides online banking, everyday transaction accounts, home loans & mortgages, credit cards, foreign exchange, insurance, savings and investment solutions to … He has been given a 12-month notice period and will be paid A$2.68m (£1.4m; $1.82m) salary during that time. Approves of CEO. Westpac chairman Lindsay Maxsted will bring forward his retirement to the first half of 2020. At the time of writing, our data says that Westpac Banking Corporation has a market cap of AU$101b, and reported total annual CEO compensation of AU$6.6m for the year to September 2018. But complex bonuses and incentive payments take CEO salaries – including Mr Hartzer’s – into the stratosphere. I worked at Westpac New Zealand full-time (Less than a year) Pros. Photograph: Lukas Coch/AAP. Westpac CEO Brian Hartzer Image by AAP/LUKAS COCH. Mr King had been chief financial officer prior to being chosen as acting chief executive in November, when former boss Brian Hartzer stepped aside amid the bank's money laundering and child exploitation scandal. Cons. 1,155 Westpac Group reviews. The average salary for Westpac Banking Corp employees in Australia is AU$90,795 per year. Westpac appoints new CEO on $2.4million a year to provide stability during the coronavirus crisis. View All num of num Close (Esc) Westpac New Zealand Interviews. 30 % Negative. Mr King’s contract terms, including a base salary of $2.4m and the potential to earn an additional $2.4m in short-term bonuses, remain unchanged, except for the removal of the two-year term. CEO, chairman out at scandal-hit Westpac. Cons . View All num of num Close (Esc) Westpac Group. 4.1 ★ ★ ★ ★ ★ (72 Reviews) Diversity & Inclusion FAQs. See All 1,359 Reviews. I have been working at Westpac Group full-time for less than a year. Westpac has cut bonuses for all of its tellers so they can focus on good service - but the bank's CEO will still get more than $1million added to his massive salary. We think total compensation is more important but we note that the CEO salary is lower, at AU$2.7m. 2019-11-26 03:51:15. westpac The highest paid banking executive last financial year was Westpac’s Brian Hartzer. Positive. Westpac has hired Guilherme Lima as chief executive of its new restructured Business division, to start later this year. Gail Kelly (née: Currer) (born 25 April 1956) is a South African-born Australian businesswoman. Westpac chairman John McFarlane says Kings appointment will provide the necessary management sta By Alex Druce. Westpac chief Brian Hartzer was paid $6.7 million last financial year - less than its predecessor Gail Kelly, but still about 80 times as much as the average Australian worker. Westpac CEO resigns amid scandal . Finance Finance News Westpac CEO challenged over $5.5 million salary and incentives 10:00pm, Oct 11, 2018 Updated: 10:21pm, Oct 11 Westpac CEO Brian Hartzer was … A free inside look at company reviews and salaries posted anonymously by employees. Experience 27 Ratings. FILE PHOTO: Australia's Westpac Banking Corp's Chief Executive Officer (CEO) Brian Hartzer speaks during a media conference in Sydney, Australia, November 6, 2017. The bank allegedly failed to report more than A$11 billion in payments. Is this your company? Experience. Published: November 26, 2019 11:47 Bloomberg. (This is based on the year to September 2018). Contact media relations. Lima joined Westpac from HSBC where he was group head of wealth management and was previously group head of strategy in London and a partner at consulting firm McKinsey & Co. Reviews and salaries posted anonymously by employees in payments Lima as chief executive on $... 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