ANZ share price falls on shock CEO exit
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The ANZ Group Holdings Ltd (ASX: ANZ) share price is under pressure on Monday morning.
At the time of writing, the banking giant’s shares are down 1.5% to $30.68.
Why is the ANZ share price falling?
Investors have been selling the company’s shares this morning after it announced a change of leadership.
According to the release, ANZ’s CEO Shayne Elliott is retiring after nine years in the role. He will be handing over the reins at the start of July next year then remain available until the end of September to support his replacement. Commenting on his exit, Elliott said:
Leading ANZ over the last nine years has been the highlight of my career. I’m proud to be leaving the bank in such a strong position,…
