Newcastle Permanent announces new Chair

Newcastle Permanent announces new Chair

The Board of Newcastle Permanent Building Society recently announced the appointment of Jeff Eather to the role of Chairman.

Jeff replaces long serving chair, Michael Slater, who stepped down after the Newcastle Permanent Annual General Meeting (AGM). Jeff was elected at a special Board meeting that followed the AGM held on Frida, 28 October 2016 at Fort Scratchley.

Commenting on his appointment as Chairman, Jeff said that Newcastle Permanent is an iconic financial institution in the Hunter and he was deeply honoured to have been chosen by his fellow Directors to be its Chairman.

“I would like to acknowledge the wonderful service Michael Slater has given the organisation in his role as Chairman for the past nine years,” Jeff said.

“Under his stewardship the organisation has continued to grow and is now recognised as Australia’s financially strongest customer owned financial institution.”

“I look forward to the challenges this position brings and will work hard to ensure the organisation maintains its positive growth trajectory and continues to deliver value to our customers.”

Jeff, a former CEO of NBN television, has served on the Newcastle Permanent Board since May 2013 and has held roles as Chairman of the Audit committee and as a member of the Corporate Governance and Nominations and Risk Management committees. He is a qualified accountant, a Director of Newcastle Friendly Society and Hunter Water Corporation and Managing Director of the Callaghan Institute.

Former Chairman, Michael Slater, said Jeff is an experienced businessman and he has strong corporate governance credentials.

“Jeff has earned the respect of his peers and I am confident he will make his own positive mark with the organisation,” Michael said.

“I have enjoyed my role as Chairman and I look forward to continue serving as a Director with Newcastle Permanent following my re-election at the AGM.”

Image | Jeff Eather and Michael Slater

Newcastle Permanent

As a complete retail financial services provider, Newcastle Permanent provides a genuine alternative to traditional banks for a range of financial services including the day to day needs of business banking members.

Besides an extensive network of branches and ATMs, Newcastle Permanent also offers comprehensive electronic banking services that allow their members to conveniently and efficiently conduct their financial business.

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