News: McFarlane to stay on Westfield board

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    John McFarlane has signalled his intention to remain a director of Westfield Group (ASX:WDC) despite taking on a new role as chairman of Aviva.



    The former Australia and New Zealand Banking Group (ASX:ANZ) boss has shed many of his key roles to take up the position at Britain’s largest insurer next year.



    Aviva had been on a ten-month search to find the right recruit. Mr McFarlane will relocate to London mid-next year.



    In the 2010 calendar year Westfield Group posted a net profit of $1.1 billion.


 
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