NAB replaces CIO Tredenick

NAB replaces CIO Tredenick

Summary: The National Australia Bank has appointed former Bank of New Zealand Adam Bennett as chief information officer, replacing incumbent Michelle Tredenick as part of the bank's sweeping senior executive reshuffle announced yesterday.

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The National Australia Bank has appointed former Bank of New Zealand Adam Bennett as chief information officer, replacing incumbent Michelle Tredenick as part of the bank's sweeping senior executive reshuffle announced yesterday.

NAB CIO Michelle Tredenick
(Credit: NAB)

Bennett had worked under NAB's new chief Cameron Clyne at the Bank of New Zealand (BNZ) as its general manager banking delivery services. The new CIO, whose appointment was confirmed by an NAB spokesperson, will take over key projects previously under Tredenick's control, such as its $1 billion core banking replacement project, NextGen.

At yesterday's strategy update, Clyne said that NextGen would remain a key strategic priority over the next year, but avoided discussing appointments below Bennett's new boss, group executive of Group Business Services, Gavin Slater.

Slater had recently returned from the NAB's UK operations where he reported to Lynne Peacock. Slater also held a position on the board and was involved in the merger of its operations there as well as key telephony projects.

While other departmental executives had been locked in for some weeks now, the technology division has yet to be settled with a number of "transitions" expected to follow in coming weeks.

Slater's division will oversee technology and operations and will spearhead NAB's efforts to drive efficiencies throughout the banking group, according to an NAB spokesperson.

Tredenick is expected to make an announcement about her next move shortly, while Bennett, who is still at BNZ, is due to start the new role in April.

Today's appointment of Bennett ends Tredenick's four-year rein at the bank's top technology spot, after being appointed by recently departed chief executive, Ahmed Fahour, in 2004.

Topics: CXO, Banking, IT Employment

Liam Tung

About Liam Tung

Liam Tung is an Australian business technology journalist living a few too many Swedish miles north of Stockholm for his liking. He gained a bachelors degree in economics and arts (cultural studies) at Sydney's Macquarie University, but hacked (without Norse or malicious code for that matter) his way into a career as an enterprise tech, security and telecommunications journalist with ZDNet Australia. These days Liam is a full time freelance technology journalist who writes for several publications.

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3 comments
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  • Michelle Tredenick deserved to be sacked

    The previous NAB CIO, Ian Crouch, was against send Australian jobs offshore, although he did outsource some jobs to Australian IT providers. Tredenick was appointed to her role on plank of establishing an offshoring strategy. Tredenick drove this strategy like a person possesed, and set unrealistic deadlines for IT moving jobs offshoring. Staff warned Tredenick of the risks involved, only to fall on deaf ears. When it was revealed that Satyam, the Indian company that Tredenick had signed a contract with, was being investigated for major fraud, it was only a matter of time before Tredenick was sacked from her role of CIO. Make no mistake, Tredenick was not an inocent party here - she had sent the support of critical financial appliations offshore, and in doing so, lost control of those applications. If Tredenick received a golden handshake, it will be an abosolute disgrace.
    anonymous
  • Tredenick to go to Accenture?

    Word on the street is that Tredenick is going to become a senior executive at Accenture. She helped Accenture get in on the early offshoring at NAB and a look-in on the core banking proejct they owe her big time. Accenture's credentials at NAB helped them win the $600mil (and growing) Commbank project...which ironically put them on out for NAB core banking...but Tredenick was always pulling for Accenture and a couple of their guys are always hanging out with her. Look for her to get both a beaut of a golden handshake and a big fat salary from Accenture. Given how small the Aussie market is they will probably send her to US or UK for a few years. Sort of the Diane Sias model. And we all know how well that worked out.
    anonymous
  • there's deep and deeper

    NAB IT/T is a cot case. 10 plus to a meeting, empires everywhere, no accountability. There will be blood everywhere with the kiwi in charge, and not before time.
    anonymous