ANZ Group Holdings Ltd. CEO Shayne Elliott is considering his successor as the bank deals with recent trading scandals. He has emphasized the importance of his successor having a strong sense of social responsibility, which aligns with the bank's commitment to ethical leadership.
Due to a series of missteps that have affected the bank's reputation, Elliott's bonus for the fiscal year 2024 has been reduced by A$1.1 million ($731,500).
As he nears the end of his almost nine-year tenure, the board is actively involved in succession planning to ensure a smooth transition in leadership.