NAB 1.42% $40.07 national australia bank limited

Feb 20 (Reuters) - National Australia Bank Ltd (NAB) :...

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    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

    (([email protected];))

 
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