UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

March 7, 2025

 

Commission File Number 1-10167

 

WESTPAC BANKING CORPORATION

(Translation of registrant’s name into English)

 

275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports

under cover of Form 20-F or Form 40-F.

 

Form 20-F x             Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):     ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):     ¨

 

 

 

 

 

 

Incorporation by Reference

 

The information contained in this Report on Form 6-K, excluding the information set forth in Exhibit 1, shall be incorporated by reference in the prospectuses relating to the Registrant’s securities contained in the Registrant’s Registration Statements on Form F-3 (File Nos. 333-283007 and 333-283008), as such prospectuses may be amended or supplemented from time to time.

 

Westpac Executive Change

 

Westpac has announced Chief Executive, Consumer, Jason Yetton, has decided to leave the bank and a recruitment process is underway for a successor.

 

Mr Yetton has led the Consumer division since August 2023 following a long association with the Group.

 

Over his career with Westpac, Mr Yetton has held several Group Executive roles, including Group Strategy, Westpac Retail and Business Banking, Specialist Business Division and senior positions in BT Financial Group.

 

Mr Yetton has agreed to stay on while a search is underway.

 

Index to Exhibits

 

Exhibit
No.
  Description
     
1   Westpac Executive Change

 

Disclosure regarding forward-looking statements

 

The information contained in this Report on Form 6-K contains statements that constitute “forward-looking statements” within the meaning of section 21E of the U.S. Securities Exchange Act of 1934.

 

Forward-looking statements are statements that are not historical facts. Forward-looking statements appear in a number of places in this Report and include statements regarding our current intent, belief or expectations with respect to our business and operations, macro and micro economic and market conditions, results of operations and financial condition and performance, capital adequacy and liquidity and risk management, including, without limitation, future loan loss provisions and financial support to certain borrowers, forecasted economic indicators and performance metric outcomes, indicative drivers, climate- and other sustainability- related statements, commitments, targets, projections and metrics, and other estimated and proxy data.

 

 

 

 

Words such as ‘will’, ‘may’, ‘expect’, ‘intend’, ‘seek’, ‘would’, ‘should’, ‘could’, ‘continue’, ‘plan’, ‘estimate’, ‘anticipate’, ‘believe’, ‘probability’, ‘indicative’, ‘risk’, ‘aim’, ‘outlook’, ‘forecast’, ‘assumption’, ‘projection’, ‘target’, ‘goal’, ‘guidance’, ‘objective’, ‘ambition’ or other similar words, are used to identify forward-looking statements. These statements reflect our current views on future events and are subject to change, certain known and unknown risks, uncertainties and assumptions and other factors which are, in many instances, beyond our control (and the control of our officers, employees, agents and advisors), and have been made based on management’s current expectations or beliefs concerning future developments and their potential effect upon Westpac.

 

Forward-looking statements may also be made, verbally or in writing, by members of Westpac’s management or Board in connection with this Report. Such statements are subject to the same limitations, uncertainties, assumptions and disclaimers set out in this Report.

 

There can be no assurance that future developments or performance will align with our expectations or that the effect of future developments on us will be those anticipated. Actual results could differ materially from those we expect or which are expressed or implied in forward-looking statements, depending on various factors including, but not limited to, those described in the section titled ‘Risk factors’ under the section ‘Performance Review’ in Westpac’s 2024 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. When relying on forward-looking statements to make decisions with respect to us, investors and others relying on information in this Report should carefully consider such factors and other uncertainties and events.

 

Except as required by law, we assume no obligation to revise or update any forward-looking statements in this Report, whether from new information, future events, conditions or otherwise, after the date of this Report.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  WESTPAC BANKING CORPORATION
  (Registrant)
Date: March 7, 2025  
  By: /s/ Esther Choi                
    Esther Choi
    Tier One Attorney

 

 

 

 

 

Exhibit 1

 

 

ASX

Release

 Level 18, 275 Kent Street
Sydney, NSW, 2000

 

 

7 March 2025

 

Westpac Executive Change

 

Westpac has announced Chief Executive, Consumer, Jason Yetton, has decided to leave the bank and a recruitment process is underway for a successor.

 

Mr Yetton has led the Consumer division since August 2023 following a long association with the Group.

 

Over his career with Westpac, Mr Yetton has held several Group Executive roles, including Group Strategy, Westpac Retail and Business Banking, Specialist Business Division and senior positions in BT Financial Group.

 

“Jason has played a significant role at Westpac over many years, from his early days at BT to the strategic review of our specialist businesses, where he successfully led the divestment of ten businesses,” said Westpac CEO Anthony Miller.

 

“Since 2023, Jason has stewarded our Consumer division back to growth, with impressive and consistent results across the board, but particularly in transactional banking. Westpac’s banking app is rated the best in Australia, and this is a testament to Jason’s drive, delivery and strong execution focus.

 

“I thank Jason for his outstanding contribution to our people and customers for the past two decades,” said Mr Miller.

 

Mr Yetton has agreed to stay on while a search is underway.

 

For further information:

 

Hayden Cooper  Justin McCarthy
Group Head of Media Relations  General Manager, Investor Relations
0402 393 619  0422 800 321

 

This document has been authorised for release by Tim Hartin, Company Secretary.