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One of our longest-serving Directors, Michael Slater, has passed away.

Wednesday 12 July, 2017.

Terry Millett, CEO Newcastle Permanent

This week we learned that one of our longest-serving Directors, Michael Slater, passed away. The news was a shock to the Executive Team and his fellow Directors, as Michael remained an active member of the Board after stepping down as Chairman last year.

Michael joined the Newcastle Permanent Board in August 2002 and was appointed Chairman in 2007. In his almost 10 years as Chairman, Michael made an extremely valuable contribution to the Board, our organisation and the broader community. He was instrumental in implementing sound corporate governance practices and balancing this with the commercial needs of the organisation to ensure we act in the best interests of all our stakeholders – customers, staff and the community.

His stewardship of Newcastle Permanent Charitable Foundation over the past 10 years further demonstrated his passion for supporting the community and his commitment to making a significant difference to the not-for-profit sector as he helped the organisation become what we believe is now one of the largest regionally-based charitable foundations in Australia. In March 2017, Michael stepped down as Chairman of Newcastle Permanent Charitable Foundation for health reasons but remained an active and valuable Director on the Newcastle Permanent Board and Newcastle Friendly Society Board.

It was an absolute pleasure working with Michael during his time as Chairman and Director. I would like to acknowledge his strong leadership, strategic vision and his many achievements over the years - Terry Millett, CEO

Michael Slater
Michael Slater

In 2016, Michael was named Business Leader of the Year by both Newcastle Business Chamber and NSW Business Chamber, in recognition of the leadership, achievements and commitment he demonstrated not only in his roles with Newcastle Permanent, Newcastle Friendly Society and the Charitable Foundation, but with other organisations including Surf Life Saving, Westpac Rescue Helicopter Service and Regional Development Australia (RDA) - Hunter chapter. Winning both the local and state awards was a wonderful accolade for Michael and I know this meant a lot to him and his family, both professionally and personally.

Throughout his career, Michael held numerous roles within the Hunter business community and was a leader in the broader financial industry, setting an example of continuous improvement, robust governance and corporate philanthropy to businesses of all sizes. Michael achieved many things throughout his professional career but he was also a family man who enjoyed nothing more than spending time with his wife Neryl, sons Gavin and Scott, and doting on his grandchildren. Our thoughts are with Michael’s family during this very difficult time.

Michael was a highly valued, well respected member of the Board and Newcastle Permanent family, and he will be greatly missed.

Link to Media Release.

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