Westpac's CFO Michael Rowland will retire next year, after four years in the job.
The bank's CEO Anthony Miller made the announcement on Tuesday, describing Rowland as a “team player” and confirming he will remain in his role until a successor is appointed.
"Michael has played an important role in the financial management of Westpac since the disruption of COVID-19 and has been instrumental in establishing Westpac's strong position," said Miller in a press release.
"During his tenure, he's seen the company through a significant business transformation, maintained a robust capital position and overseen consistent, sustainable returns to shareholders.
He finished the statement thanking Rowland for his service in the job, since 2020, and wishing him "very best as he steps into the next chapter of his career."
Westpac Banking Corp (ASX: WBC) has a market cap of $112.20 billion. It's share price was $32.64 at the time of publication.