Doug McKay ONZM

BA, AMP (Harvard) CMinstD (NZ)

Term of office

Independent non-executive director since February 2016. Member of the Board's Audit and Customer Committees. Chair and independent non-executive director of Bank of New Zealand (BNZ), a major subsidiary of NAB.

Independent

Yes

Industry experience

Doug has gained industry experience as Chair of BNZ since 2016 (and non-executive director since 2013). This has supplemented Doug’s extensive experience in business performance, capital management, risk management and stakeholder engagement with banking context. 

Other business and market experience

Doug has more than 30 years of experience in commercial and leadership roles in manufacturing and distribution businesses across Australasia having held CEO and Managing Director positions in major trans-Tasman companies including Lion Nathan, Carter Holt Harvey, Goodman Fielder, Sealord and Independent Liquor. He was also the inaugural CEO of the amalgamated Auckland Council. During his executive career, Doug gained deep commercial, business performance, customer, marketing, risk management and stakeholder engagement experience. Doug also has private equity experience and a deep understanding of New Zealand and Australian markets. 

Directorships of other listed entities

Fletcher Building Limited* (since September 2018)

Vector Limited (since September 2022). 

Former directorships of other listed entities in the past 3 years

Genesis Energy Limited* (from June 2014 to September 2022)

*Dual-listed on the New Zealand and Australian stock exchanges. 

Other relevant interests

Doug is a Director of IAG (NZ) Holdings Limited.