Fegan confirmed as St George CEO 14 November 2007 5:39PM Ian Rogers The board of St George Bank late yesterday confirmed the selection of Paul Fegan as managing director. Fegan, 46, replaces Gail Kelly who quit the bank two months ago to take the equivalent job at Westpac. He's acted in the job of CEO since Kelly left.Fegan negotiated a package comprising a base salary of $1.7 million, along with short-term incentives worth up to $1.8 million and long-term incentives worth $1.3 million.Fegan joined St George in 2002 after being chief operating officer at the Yorkshire Bank in Britain, a subsidiary of National Australia Bank.Fegan at first ran the wealth management business at St George and widened his brief to run the underperforming retail bank segment in a management shakeup in March.