P&N Bank announces new CEO
P&N Bank, West Australia's largest mutual bank, has named Andrew Hadley as its next chief executive officer. He is expected to start in early January 2014.Hadley will move from Australia's largest mutual, Credit Union Australia, to lead P&N into what the bank's chairman Paul Gabb said is a five-year "strategic development phase". The CUA executive will take over from long-serving CEO Fred Huis, who will step aside later this year, after more than 30 years of service with the organisation, as foreshadowed in the bank's profit announcement in September.Gabb said the board was "very confident" of Hadley's experience, abilities and personal style, and believed he would greatly contribute to the future success of the organisation. It described him as a leader who "innately understands the member first philosophy". Hadley's recent leadership roles have included running CUA's strategy and marketing, as well as operations, member relations and advice, and the sales and distribution for CUA's retail banking network, which has 75 branches and three call centres.He cited P&N's "unique position" as WA's largest locally owned bank and the opportunity to grow its customer base further as being among the factors that attracted him to the role.