SYDNEY: Andrew Thorburn has resigned as chief executive officer of National Australia Bank Ltd (NAB), just days after the financial industry misconduct inquiry questioned whether he was capable of leading the lender’s response to a series of scandals.
Thorburn would finish Feb 28, the bank said in a statement, adding that it would start a global search for a replacement, while also considering internal candidates. Board member Philip Chronican will serve as acting CEO.
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