Maxsted completes board overhaul
Westpac chair Lindsay Maxsted yesterday completed a makeover of the bank's board after announcing the appointment of Margaret Seale and Steve Harker as directors.The latest appointments mean that all members of the Westpac board have joined the bank since Maxsted took over as chair in 2011.Peter Hawkins, who departed the board in December, had been the last Westpac director to join before Maxsted's ascension to the chair.Seale, who currently sits on the Telstra and Scentre Group boards, is a former managing director of Random House Australia.Harker served as CEO of Morgan Stanley Australia for 18 years and resigned from that company's board earlier this month.Both Harker and Seale will serve as members of the Westpac board's risk and compliance committee.Seale and Harker join a board heavily influenced by former KPMG partners including Peter Marriott, Peter Nash and Maxsted himself.