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A former AMP chair and a former CBA deputy CEO are set to join the major bank’s board as non-executive directors.
Westpac Banking Corporation (Westpac) has appointed two experienced finance executives as independent non-executive directors (NEDs) on its board.
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Former AMP chair Debra Hazelton is expected to begin in her new role on or around 3 March 2025, while former CBA deputy CEO David Cohen will join the board on or around 1 April 2025.
Both appointments are subject to regulatory approval.
Hazelton has over 30 years of experience in global financial services, covering both Australia and Japan.
She is currently chair of Export Finance Australia and holds NED roles on the boards of Australia Post and eyewear business Persol Holdings Co.
Hazelton is also vice president of the Australia-Japan Business Corporation Committee and was the chair of AMP Limited and AMP Bank between 2020 and 2024.
She had a 19-year career with the Commonwealth Bank of Australia (CBA) – including several roles heading up financial markets divisions and as CEO of the Japan arm – before she began exploring other opportunities in 2006.
Cohen has over 20 years of experience in financial services and was deputy CEO of CBA from November 2018 to December 2023.
Prior to that, Cohen was group general counsel, group executive human resources, group executive corporate affairs and chief risk officer at CBA.
Before joining CBA, Cohen held roles as general counsel at AMP and as a partner at law firm Allens Arthur Robinson.
Westpac chairman Steven Gregg welcomed Cohen and Hazelton to the board, noting that their extensive experience across banking and financial services would complement the skills of existing directors and would be “invaluable” to Westpac.
“Debra brings a wealth of experience in transformation, capital markets and people and culture from her senior executive and director roles in Australia and Japan and will join our board remuneration committee,” he said.
“David’s breadth of large-scale executive leadership roles and experience in banking transformation, risk and regulation and governance will also be highly valued, and he will join our board risk committee.”
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