Westpac appoints new CEO Westpac has announced the appointment of Peter King as Westpac's new CEO. Westpac chairman John McFarlane said that in moments of global stress and uncertainty, management stability is vital. "I believe we need a Chief Executive in place now, not later, and with full, rather than acting authority." King has been Acting Westpac Group CEO since December 2019 and has worked at Westpac for the past 25 years. He said it was a great honour and agreed to hold the role for two years. "We are focused on responding to the COVID-19 outbreak and supporting our...