AUS: Foster's adds banking exec to board

By just-drinks.com editorial team | 26 June 2008

Foster's Group has brought in a senior executive from the National Australia Bank to join its board.

The company, whose CEO Trevor O'Hoy, handed in his notice earlier this month, said today (26 June) that Michael Ullmer will become an independent director from the beginning of July.

Since 2004, Ullmer has been an executive director at NAB. He is a former CFO of the bank and is now the bank's deputy group CEO.

After an early career with KPMG in London, the US and then Australia, Michael joined Coopers and Lybrand to lead their Asia Pacific Financial Services Group. In 1997 he joined the Commonwealth Bank of Australia as group CFO and then group executive with responsibility for Institutional and Business Banking.

"On behalf of shareholders I am very pleased to welcome Michael to the Foster's board", said Foster's chairman, David Crawford. "Michael's 30 years of international strategy and finance experience, and his strong people and culture focus, will be a real asset at the board table."

Sectors: Beer & cider, Wine

Companies: Foster’s