Westpac’s CEO Search Begins as Hartzer Resigns

The share market responded positively to the resignation of Brian Hartzer, the CEO of a major Australian bank, amid ongoing industry scandals. Potential successors include David Lindberg, Craig Drummond, Mike Baird, and Greg Ward. The resignation aims to alleviate pressure on the bank, especially ahead of a crucial AGM, where a backlash against a money laundering scandal could lead to a vote against executive pay reports and potentially the board's resignation.

Who stepped down as CEO of Australia's second biggest bank?

What are some names mentioned as possible contenders to replace Brian Hartzer?

What event is scheduled for December 12th that is significant for the bank?

What was the concern regarding the bank's remuneration package?

What is the hope within Westpac regarding the resignation of Hartzer?