Feb 20 (Reuters) - National Australia Bank Ltd (NAB) :
- ESTABLISHED SPECIAL COMMITTEES FOR SELECTION OF A NEW CHAIRMAN AND GROUP CEO
- PHILIP CHRONIC WILL COMMENCE IN ROLE OF GROUP CEO
- CHRONICAN WILL SERVE AS CEO UNTIL APPOINTMENT AND COMMENCEMENT OF A NEW GROUP CEO
- NAB- CHAIRMAN SELECTION COMMITTEE WILL BE CHAIRED BY DIRECTOR DAVID ARMSTRONG AND CEO SELECTION COMMITTEE WILL BE CHAIRED BY DIRECTOR ANN SHERRY
- THORBURN WILL RECEIVE PAYMENT OF $1,041,449 IN LIEU OF 26 WEEKS' NOTICE, ALONG WITH ACCRUED LEAVE ENTITLEMENTS
- ALL ANDREW THORBURN'S UNVESTED DEFERRED AWARDS WILL BE FORFEITED IN ACCORDANCE WITH PLAN RULES
Source text: http://bit.ly/2NfQTcX
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