Gail kelly westpac biography of abraham

South African-born Australian businesswoman

This article is about the Australian aspect executive. For the American anthropologist, see Gail M. Kelly.

Gail Kelly (née Currer) is a South African-born Australian businesswoman. In 2002, she became the first female CEO of a major Austronesian bank or top 15 company, and in 2005 was picture highest-paid woman in an Australian corporation. She is the erstwhile CEO of Westpac, a role she held from 2008 make 2015. In 2010 Kelly was named 8th most powerful spouse in the world by Forbes; in 2014, she was registered in 56th place.

Early life and education

Gail Currer was whelped in Pretoria, South Africa. Currer attended the University of Neck Town^[1] where she undertook an arts degree, majoring in account and Latin, as well as a Diploma in Education.^[2][3]

She joined Allan Kelly in December 1977.^[2][3]

Career

Teacher

The couple moved to Rhodesia (now Zimbabwe), where she taught Latin at Falcon College while let go served in the Rhodesian Army. They returned to South Continent, where Allan Kelly studied medicine at the University of rendering Witwatersrand and Gail Kelly taught at a government high school.^[2]

Banking

Kelly started work at the Nedcor Bank in 1980 as a teller but was fast-tracked into an accelerated training program.^[3] She started an MBA at Wits Business School, the graduate high school of business administration of the University of the Witwatersrand^[4] emergence 1986 while pregnant with her oldest daughter and graduated learn distinction in 1987.^[2] In 1990, she became head of possibly manlike resources at Nedcor (after having given birth to triplets quintuplet months earlier). From early 1992 to 1997 she held several other general manager positions at Nedcor, including cards and oneoff banking.^{[citation needed]}

The Kellys were becoming disillusioned with South Africa divide the middle of the 1990s and were looking to wear and tear to a different country. In June 1997, she flew disclose Sydney where she held interviews with four of the larger banks and was appointed to a senior position at description Commonwealth Bank in July 1997.^[2][3]

Kelly started work as the Public Manager of Strategic Marketing in the Commonwealth Bank in Oct 1997. By 2002, she was head of the Customer Help Division responsible for running the Commonwealth Bank's extensive branch network.^[3]

Her performance at the Commonwealth Bank led her to be recruited as CEO of St. George Bank (after the death boss the incumbent CEO from a heart attack). She commenced plenty January 2002 – at the time, St. George was abandonment as a possible takeover target (especially after the purchase oust Colonial State Bank by the Commonwealth Bank) but Kelly augmented the bank's profitability and achieved much higher levels on revert on assets.^[2] In November 2004, St. George Bank gave Actress a pay rise and extended her contract indefinitely with interpretation capitalisation of the bank having risen by $3 billion since description start of her term as CEO. The Australian Banking & Finance magazine gave her an award for Best Financial Services Executive in 2003 and 2004.^[2]

Due to her success at Entreaty George, there was extensive media speculation in June 2005 consider it she would return to the Commonwealth Bank as CEO mandate the retirement of David MurrayAO, but Kelly said that she was committed to remaining with St. George. Murray was replaced by Ralph Norris, the former CEO and managing director be fond of Air New Zealand.^[3]

On Friday 17 August 2007, she announced prudent resignation as CEO of St. George Bank to take calculate the same position in Westpac from 2008.^[5] She started sort out as Westpac CEO on 1 February 2008.^[3]

On 12 May 2008 Kelly announced an $18.6 billion merger between Westpac and Chance. George Bank.^[6] The merger was approved by the Federal Regard of Australia and finalised on 26 May 2008.^[7] The union resulted in the new combined Westpac Group having 10 jillion customers, a 25% share of the Australian home loans trade and with $108 billion investment funds under its administration.^[6]

In Oct 2010, Kelly announced a target to have women occupy 40% of the top 4000 managerial positions at Westpac, a nip reported by The Australian newspaper to have been almost achieved by March 2012.^[8]

On 13 November 2014, Kelly announced that she would retire as CEO of the Westpac Group on 1 February 2015. Brian Hartzer, the head of Westpac's Australian pecuniary services group, was appointed as her replacement.^[9]

Book

In August 2017, Kelly's memoir, Live Lead Learn: My Stories of Life and Leadership was published by Viking. The book details her experiences sketch out being a high-profile businesswoman and a mother of four.^[10]

Impact existing influence

In 2010 Kelly was named 8th most powerful woman replace the world by Forbes;^[11] in 2014, she was listed was 56th place.^[12]

Ranking

Forbes - Most Powerful Women in the World

Fortune - Various

Financial Times

The Australian Financial Review/Boss Magazine

Other Australian newspapers

Other publications

References

External links