Friday 28 October, 2016.
The Board of Newcastle Permanent Building Society today announced the appointment of Jeff Eather
to the role of Chairman. Mr Eather replaces long serving Chair Michael Slater who stepped down after
today’s Annual General Meeting (AGM).
Mr Eather was elected at a special Board meeting that followed Newcastle Permanent’s AGM held
today at Fort Scratchley.
Commenting on his appointment as Chairman, Mr Eather said, “Newcastle Permanent is an iconic
financial institution in the Hunter and I am deeply honoured to have been chosen by my fellow
Directors to be its Chairman.”
“I would like to acknowledge the wonderful service Michael Slater has given the organisation in his role
as Chairman for the past 9 years. Under his stewardship the organisation has continued to grow and is
now recognised as Australia’s financially strongest customer owned financial institution,” Mr Eather
said.
“I look forward to the challenges this position brings and will work hard to ensure the organisation
maintains its positive growth trajectory and continues to deliver value to our customers.”
Mr Eather, a former CEO of NBN Television, has served on the Newcastle Permanent Board since May
2013 and has held roles as Chairman of the Audit committee and as a member of the Corporate
Governance & Nominations and Risk Management committees. He is a qualified accountant, a Director
of Newcastle Friendly Society and Hunter Water Corporation and Managing Director of the Callaghan
Institute.
Former Chairman Michael Slater said of Jeff’s appointment, “Jeff is an experienced businessman. He
has strong corporate governance credentials and has earned the respect of his peers. I am confident
he will make his own positive mark with the organisation.”
“I have enjoyed my role as Chairman and I look forward to continue serving as a Director with
Newcastle Permanent following my re-election at today’s AGM,” Mr Slater said.
At today’s AGM Newcastle Permanent presented a profit of $40.9 million net profit after tax.