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The major bank has announced Nathan Goonan will step into the role of group chief financial officer.
Nathan Goonan is currently NAB’s group executive strategy and innovation and will commence with the role of group chief financial officer (CFO) as of 1 July 2023. He will be replacing the current group CFO Gary Lennon, who is set to retire on 1 October 2023.
Mr Goonan started a career in banking when he joined NAB as a graduate in the mergers and acquisitions team and subsequently went on to work in investment banking at Lazard and Goldman Sachs in Australia and London.
He returned to NAB in 2013 where he was appointed executive manager for corporate affairs and then executive general manager, group strategy and development, where he was in charge of global execution of NAB’s corporate strategy and mergers and acquisitions activity.
Mr Goonan was responsible for several major strategic initiatives such as leading the divestment of the major bank’s UK and US businesses, the group strategy refresh in 2019–20, and the acquisition of Citigroup’s Australian consumer business.
Mr Goonan joined the executive leadership team in his current role in April 2020, however, as a part of the changes to the executive leadership team, his existing role will not continue.
Speaking on the departure of Mr Lennon, NAB chief executive Ross McEwan said the outgoing CFO was an “outstanding financial executive whose commitment to NAB had been evident during 15 years with the bank and seven years as CFO”.
“Gary’s deep experience, calm leadership and wise counsel [have] been critical to helping NAB lift its performance for customers and shareholders. He has been instrumental in helping the Bank navigate a number of key challenges,” Mr McEwan said.
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“From 1 July, I have asked Gary to support Nathan’s transition into the role and to work with me on a number of initiatives until his final day on 1 October. I am delighted he will stay on to do that.
“Gary is a quality person who will be deeply missed by his colleagues. We all wish him the very best in his retirement from NAB.”
Mr McEwan added that Mr Goonan played a key leadership role in the major bank’s strategic moves in recent years.
“During his three years on the executive team Nathan has driven a much sharper focus on accountability, performance and execution within NAB and our customers, colleagues and shareholders have experienced the benefits of this,” Mr McEwan said.
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