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Brief: Chair change at Kiwibank

Kiwibank Board chair Susan Macken will not be seeking re-election to the bank's board, and will be replaced by Jon Hartley (subject to RBNZ approval). Macken said she had "reflected on the changing nature of the governance requirements as the bank evolves. I decided Kiwibank would best benefit from a chair with the specific skills to lead them in this new chapter, and informed shareholders and the Board last month I would not be seeking reappointment". Her replacement, Hartley, has just retired as chair of VisionFund International - the microfinance subsidiary of World Vision International. He is a former deputy chair of ASB Bank, where he was on the board for 12 years.

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