NAB wants smooth leadership transition

National Australia Bank finance and risk director Michael Ullmer and NAB’s Australian head, Ahmed Fahour are the obvious candidates to take over from NAB CEO John Stewart who wants to hand over to an anointed internal candidate when he steps down from his position in the next one to five years. Mr Stewart has a rolling 12 month contract after switching from a three year deal signed in 2004. Mr Stewart says he won’t be leaving the bank until it is performing well under an agreed strategy.