Westpac’s CEO Search Begins as Hartzer Resigns

The share market responded positively to the resignation of Brian Hartzer, the CEO of a major Australian bank, amid ongoing industry scandals. Potential successors include David Lindberg, Craig Drummond, Mike Baird, and Greg Ward. The resignation aims to alleviate pressure on the bank, especially ahead of a crucial AGM, where a backlash against a money laundering scandal could lead to a vote against executive pay reports and potentially the board's resignation.

What was the market's reaction to Brian Hartzer's resignation?

• Negative

• Neutral

• Indifferent

• Positive

Who is one of the potential candidates mentioned to replace Brian Hartzer?

• Lindsay Maxted

• David Lindberg

• Brian Hartzer

• Andrew Thorburn

Which company is Greg Ward associated with?

• Medibank Private

• Macquarie Group

• Westpac

• National Australia Bank

What is the main concern for the bank's upcoming AGM?

• A new CEO appointment

• A drop in share prices

• A merger with another bank

• A voter backlash due to a scandal

What is the expected outcome of Hartzer's resignation for the bank's board?

• Immediate board resignation

• Alleviated pressure

• No change

• Increased pressure