BNZ Board

John Waller became Chairman of the BNZ Board in November 2008 and has been a non-executive director since January 2008. In February 2009 he was appointed a non-executive director of the NAB Board.

Mr Waller retired from PricewaterhouseCoopers (PwC) at the end of December 2008. He has vast commercial experience with more than 20 years involvement in mergers and acquisitions, corporate advisory services, business reviews and a wide range of corporate activities in his Head of Advisory role at PwC. He was on the PwC New Zealand Board for many years and is currently a director of Alliance Group Ltd, Fonterra Co-operative Group Ltd, Haydn & Rollett Ltd, Donaghys Ltd and Sky Network Television Ltd. He is a member of the Takeovers Panel, Chairman of both the Eden Park Trust Board and the Eden Park Redevelopment Board for the Rugby World Cup 2011. Mr Waller is also a member of the Auckland Transition Agency.

Mr Thorburn has over 20 years experience in the banking industry, including ten years at ASB in New Zealand, followed by senior roles at CBA, St George and NAB in Australia.

Previous roles have been in retail, marketing and strategy. He was a Director of MLC from 2005-08, the wealth management division of NAB, one of Australia’s largest investment and insurance companies. Other directorships include Serv Co Pty Ltd and Banking Ombudsman Scheme Ltd.

Mr Thorburn graduated from Auckland University with a Bachelor of Commerce (Economics). His Masters in Business Administration was completed at the University of Durham in the UK.

In 2004 he joined the NAB Group as Executive General Manager Group Development and was appointed Managing Director and CEO of Bank of New Zealand in March 2007. In January 2009 Mr Clyne became Group CEO of the National Australia Bank. He remains a non-executive director of BNZ.

Prior to joining NAB, Mr Clyne was a partner, Financial Services Industry Asia Pacific, for PricewaterhouseCoopers and has worked extensively in the banking and finance sectors in Asia, the United States and Europe over many years.

Ed Johnson joined the Board of BNZ in 2002 as an independent non-executive director and is Chairman of the NZ Regional Audit Committee.

He is currently Chairman of Fulton Hogan Ltd, Goldpine Industries Ltd, Port Marlborough New Zealand Ltd, Indevin Ltd, and Wine Export Partners New Zealand Ltd. He is a director of Port Otago Ltd, and the National Institute of Water and Atmospheric Research Ltd (NIWA). Mr Johnson was Chairman of a BNZ subsidiary company, Custom Fleet (NZ) Ltd from 2003 to 2006.

Mr Johnson retired as Chairman and Chief Financial Officer of the Shell Group of Companies at the end of January 2002 after a 20 plus year career with Shell Group both here in New Zealand and in the UK.

Mr Johnson is an Honorary Fellow of Massey University's Centre of Business and Sustainable Development and is a Fellow of the New Zealand Institute of Directors.

He has extensive banking experience, previously holding senior roles in Westpac Institutional Bank, Credit Suisse (Singapore), and Citibank (Singapore, Thailand and Australia), focusing on Treasury, institutional banking and financial markets.

Mr Moir is currently a Member of the Board of The Guardians of the New Zealand Superannuation Fund and is a member of the NZX Discipline Panel.

Dr Pearce is a director of Christchurch City Holdings Ltd, Migco Pharmaceuticals Ltd and Anark Ltd. He is Chairman of Terranova Trust and a member of the Energy Efficiency and Conservation Authority.

Past directorships include Wool Equities Ltd, Keratec Ltd, Canesis Networks Ltd, Ngai Tahu Group, and Wool Research Organisation of NZ Inc.

Dr Pearce was the founding Chief Executive of Landcare Research New Zealand Ltd.

He joined National Australia Bank in September 2004 as Finance Director. In 2007 he was appointed NAB Deputy Group CEO. Mr Ullmer has been an executive director of National Australia Bank since 2004, and Chairman of Great Western Bank since 2008. He was appointed Chairman of JBWere Pty Ltd in 2009.

Mr Ullmer’s skills and experience include 36 years in banking and finance, including seven years with Commonwealth Bank of Australia as Group Executive responsible initially for Financial and Risk Management, and then Institutional and Business Banking. Prior to that, he was a partner of Coopers & Lybrand for five years, and before that was with KPMG including 10 years as Partner.

Mr Ullmer is a non-executive director of Fosters Group Ltd and Melbourne Symphony Orchestra. He is also a member of the European Australian Business Council Ltd.

Prudence Flacks was appointed as an independent non-executive director of Bank of New Zealand on 19 October 2009.

Ms Flacks is a barrister and solicitor with extensive specialist experience in commercial law and, in particular, banking and finance and securities law. Her areas of expertise include corporate and regulatory matters, corporate finance, capital markets, securitisation and business restructuring.

Ms Flacks is a consultant to Russell McVeagh and was previously a partner at Russell McVeagh for 20 years. She is a member of the Institute of Directors, INFINZ, the NZX Debt Advisory Board and the Banking and Financial Services Law Association.