March 6, 2019 / 7:22 AM / 3 months ago

Australia's NAB names Philip Chronican as new chairman

March 6 (Reuters) - National Australia Bank on Wednesday named interim Chief Executive Philip Chronican as the bank’s new chairman after strong criticism from a financial sector inquiry into widespread misconduct prompted his predecessor to resign.

Australia’s fourth biggest bank said Chronican will replace Ken Henry later in 2019, but it did not specify a date. (Reporting by Nikhil Kurian Nainan in Bengaluru; editing by Darren Schuettler)

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