ASB Chief Executive Resigns

Ian Park takes on role of Acting CEO

Chief Executive of ASB, Charles Pink, has resigned for personal reasons, and will be leaving the Bank following a scheduled board meeting on November 2.

Chief Executive Retail Banking, Ian Park, will take up the role of acting CEO until a permanent replacement is announced.

“The board of ASB is sad to be losing a Chief Executive of the calibre of Charles,” said Chairman Gary Judd QC.

“Charles has provided the Bank with outstanding leadership over the past two years, and his legacy is a clear strategic direction, a strong leadership team and soundly performing Bank.”

Mr Judd said Mr Pink had advised the board of his decision to resign in early September, and had agreed to its request to delay an announcement while it considered the steps it wished to take with respect to appointment of a replacement.

Background

Ian Park heads ASB’s retail banking operations.

A career banker, he has been an ASB executive for 23 years.

Charles Pink joined ASB as CEO in January 2009.

The former Chief Executive of Barbados-based FirstCaribbean International Bank, Mr Pink had previously had an 18-year career in personal and commercial banking with Barclays.