Sir Dryden Spring leaves ANZ board

Last updated 15:41 02/05/2012

Relevant offers

Industries

NZ Post electric vehicles not suitable for Wellington: Mayor NZX falls 1 per cent after Brexit result, no panic but could weaken further Investing amid Brexit: Don't try to catch the falling knight Road toll breaks for electric vehicles 'interesting question' NZX listing puts price on NZME Staff made redundant from Port Taranaki Ram-raids force dairy owners to sleep on floor of east Auckland shop Toyota New Zealand moves to electric vehicles - the used car way Gym members fume as doors shut at Hamilton Configure Express NZ cigarette plain packaging law would see Imperial Tobacco sue for compensation

Sir Dryden Spring is to retire as chairman and director of ANZ National Bank.

He steps down on June 22, when director John Judge will take over.

Spring was a director of The National Bank of New Zealand from 1994, and continued on the board when it amalgamated with ANZ National Bank in 2004. He was appointed chairman in 2006.

Judge is currently audit committee chairman and has been a member of the board since 2008.

He has a number of directorships and board memberships including being a director of Fletcher Building, chairman of ACC and is an advisory board member of the University of Otago Business School.

The news came as ANZ New Zealand announced a 13 per cent increase in underlying profit for the six months to March 31, compared with the same period last year.

The bank's New Zealand operations made an underlying profit of $684 million for the half year, up from $605 million in the 2011 half.

However, once adjustments of $69m for non-cash and significant items are taken into account the bank made a reported profit of $615m, up 29 per cent from $478m in March 2011.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content