The Chairman of the ANZ Group Paul O'Sullivan announced Rt Hon Sir John Key GNZM AC will retire from all ANZ Boards on 14 March 2024 with the Board of ANZ Bank New Zealand Limited (ANZ New Zealand) appointing Scott St John Chair, effective 14 March 2024. Mr. St John has also been appointed to the ANZ Group Board expected to be effective 25 March 2024. Sir John Key was New Zealand's 38th Prime Minister serving from 2008 until 2016.

After retiring from a distinguished career in politics, Sir John was appointed Chair of ANZ New Zealand in January 2018 and joined the Group board the following month. A former long-term CEO of First NZ Capital (now Jarden), Mr. St John is the Chair of Mercury NZ Limited and Fisher and Paykel Healthcare and serves on the Boards of Fonterra and NEXT Foundation. He was Chancellor of the University of Auckland from 2017 to June 2021, having also been a member of the University Council from 2009.

Mr. St John was also a member of the Capital Markets Development Taskforce, the Financial Markets Authority Establishment Board and the Security Industry Association, which he chaired.