Outgoing Westpac CEO was in ‘untenable’ position following child abuse revelations

Sky News Business Editor Ticky Fullerton says outgoing Westpac CEO Brian Hartzer was in an "untenable" position following terrorism and child abuse revelations. Westpac Chief Executive Brian Hartzer stepped down on Tuesday morning after facing calls to resign following revelations the bank facilitated terror money laundering and child exploitation. “You’ve had these tickers going around the world connecting Westpac with child exploitation,” Ms Fullerton said. Senior politicians from both sides have welcomed the resignation. Westpac CFO Peter King will take over as acting CEO from December 2 and Mr Hartzer will be paid his fixed remuneration of $2.7m over the next 12 months.

from National | Daily Telegraph https://ift.tt/2KT6BdL