Abacus Chair and Board members appointed
18 November 2009
Abacus – Australian Mutuals, the industry body for credit unions, mutual building societies and friendly societies has today announced the appointment of its new Chair, Mr Andrew Saxby. He will hold the position until the conclusion of the 2010 AGM.
The Chair was elected following the Abacus AGM held at the Abacus Annual Convention last week. Mr Saxby is the CEO of the Hume Building Society based in Albury and has been an Abacus Board member since July 2006.
Three directors were also appointed to the Abacus Board at the AGM for a three year term:
- Don Magin, CEO of Greater Building Society;
- William Wolke, CEO of Victoria Teachers Credit Union; and
- Scott King, CEO of Qantas Staff Credit Union.
Don Magin and William Wolke are joining the Board for the first time, whilst Scott King has been a director since 2007.
They join other Abacus Directors Larry Anthony, Chair of the NCUA; Greg Connor, CEO of Savings & Loans Credit Union; John Minz, CEO of Heritage Building Society; Tony Ryan, CEO of Big Sky Credit Union; Margot Sweeny, CEO of the Summerland Credit Union; and Chris Wright; President of Friendly Societies of Australia.
The directors were directly elected by Abacus members for the first time following the change to the ownership structure of Abacus in July 2009.
“I am honoured to have been chosen by the Board to be the Abacus Chair for what will be an exciting year,” said new Abacus Chair, Andrew Saxby.
“There are great opportunities ahead for credit unions, building societies and friendly societies and mutuals are well placed to capitalise on their strength. Along with the Abacus Board, I look forward to working to support our members as they offer Australians an competitive and friendly alternative to large profit-driven financial institutions.” said Mr Saxby.
For more information, please contact:
Pamela Eldridge
Senior Adviser – Media
(02) 8299 9024; 0423 843 790
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