Change of ASB CEO and Managing Director

ASB Bank Limited (ASB) announced today that Vittoria Shortt is stepping down as CEO and Managing Director after almost nine years. Ms Shortt’s last day with ASB will be 11 December 2026. ASB Chair Dame Therese Walsh paid tribute to Ms Shortt: “Vittoria has been an exceptional leader of ASB, growing the business in line with our purpose and supporting New Zealanders and New Zealand businesses through various economic cycles, including the impact of Covid-19. “Vittoria has also played an important role in leading the industry on banking issues, such as her role in mitigating the growing threat of fraud and scams on New Zealanders.” Ms Shortt will be succeeded by Sinead Taylor who is currently Group Executive Institutional Banking and Markets for Commonwealth Bank of Australia (CBA). Prior to her current Group Executive role, Ms Taylor has held Executive positions within the Commonwealth Bank Group including Group Executive, Chief Operations Officer and Executive General Manager of Bankwest, as well as roles in global markets, strategy, marketing, business and corporate banking. “Sinead has led large teams, implemented complex transformation at scale, strengthened risk management and delivered better outcomes for customers. That combination of customer focus, operational discipline and execution makes her well placed to lead ASB through its next phase.” Ms Taylor is of Scottish heritage, lived for a number of years in New Zealand, and currently resides in Australia. She will move to New Zealand to take up the ASB role later this year. Ms Taylor’s appointment has received non-objection from the Reserve Bank of New Zealand. ENDS For further information, please contact: Ben Steed, HO Corporate & Governance, ASB Bank Limited asbsecretariat@asb.co.nz