NAB boss Andrew Thorburn swings axe on three executives on his first Day.

http://www.news.com.au/finance/business/nab-boss-andrew-thorburn-swings-axe-on-three-executives-on-his-first-day/story-fnkjidjt-1227009815686

NEW NAB boss Andrew Thorburn has shaken up the bank’s executive team in his first day on the job.

NAB’s chief risk officer, Bruce Munro, will retire after 40 years with the company while business banking chief Joseph Healy and enterprise services and transformation boss Lisa Gray will also leave the company.

Mr Thorburn has taken over as chief executive from Cameron Clyne, who stepped down on Thursday.

He said the shake-up was part of a move to improve the performance of NAB, which has long dragged behind its big four rivals.

“Selecting a leadership team is one of the biggest decisions a CEO makes, and I have taken the time since my appointment was announced in April to consider who are the best people to take NAB forward,” he said.

                        Andrew Thorburn has just started as the chief executive of NAB. Source: News Corp Australia