ASB chief Charles Pink set to resign

Wednesday 27th October 2010 5 Comments

ASB chief executive Charles Pink has resigned, citing personal reasons, and will be ending his 2 year association with the bank following a scheduled board meeting on November 2.

Chief executive retail banking Ian Park will take up the role of acting CEO until a permanent replacement is announced.

"The board of ASB is sad to be losing a chief executive of the calibre of Charles," said chairman Gary Judd QC.

"Charles has provided the bank with outstanding leadership over the past two years, and his legacy is a clear strategic direction, a strong leadership team and soundly performing bank."

Judd said Pink had advised the board of his decision to resign in early September, and had agreed to its request to appoint a replacement.

Comments from our readers

On 27 October 2010 at 2:39 pm Dennis Lynch said:

Charles Pink has been with ASB for 2 years. It is the acting CEO Ian Park that has been associated with ASB for 23 years.

On 28 October 2010 at 8:51 pm John Keesing said:

At last - maybe this will breathe some new life into what has clearly become an ailing organisation that kept trying to emulate KiwiBank, but failed.

On 29 October 2010 at 6:33 am Customer said:

Probably for the best, the customer service ethos built over decades has been largely lost under Mr Pink's stewardship and many good people have already been lost to the organisation.

On 8 November 2010 at 2:29 pm Disappointed. said:

Not only the ethos and people have left but what remains is a half complete (and flawed) strategy and structure. Pink over played the threat from Kiwibank, destroyed the investment arm, re-structured to retrench innovation and decision making to just the two senior layers of management and relegated the customer to one of "the three C's". Good luck to who ever is brave enough to take this on.

On 29 November 2011 at 5:00 am Matt Barratt said:

Met Charles Pink once - what an idiot!