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Kiwibank chairman stands down

Kiwibank's chairman and deputy chair have resigned, effective this week.  

Rob Morrison and Rhoda Philippo joined the board in 2011 and 2016, respectively.

Director Susan Macken will be the new chair and the board will look to appoint a deputy.

In a statement, Kiwibank said Morrison and Philippo had led it through a period of significant growth.

"They are stepping down following a transition period that saw new shareholders – the NZ Super Fund and the Accident Compensation Corporation – settle their investment in Kiwi Group Holdings Limited, the owner of Kiwibank, in October 2016."

 

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