Transurban poached ANZ's chief financial officer Michelle Jablko in 2021

Transurban poaches ANZ CFO in 2021 to handle large deals

In anticipation of a significant business year in 2021, Transurban has braked Michelle Jablko, chief financial officer of ANZ, into $38 billion toll road giant beds, with a refreshed senior management team.

Transurban said that, after a long career as an investor banker for UBS and GreenHill Australia, Mrs Jablko, who has been CFO in the Big Four Bank for 4 years and 1/2 year, will bring extensive experience in fusions and acquisitions and global portfolio re-shake to the infrastructure group.

Shayne Elliot, Chief Executive Officer of ANZ, said that while Michelle "disappointed Michelle is leaving, we respect her decision and wish her the best in her new role"

Michelle Jablko will join Transurban in 2021
Michelle Jablko will join Transurban in 2021

Shane Buggle, a 20-year ANZ veteran and a former Deputy CFO, the bank's General Manager of Internal Audit will serve as the CFO temporarily while the bank is searching for Mrs Jasblko to be substituted.

The company was "delighted" with the nomination by Transurban CEO Scott Charlton. "I believe that with her leadership, capabilities and experience she will make a significant contribution to the Transurban business," he said.

Last week Transurban earned 2,8 billion dollars by selling 50% to three super-annuation funds, building the war chest for new growth acquisitions, including 49% of Sydney's Westconnex in Australia and North America.

The Melbourne Gate Tunnel project is also in dispute with the Victorian Government.

Brett Le Mesurier, a Velocity Trade banking analyst, said Mrs Jablko has proven that she is a qualified CFO.

Mr Le Mesurier said, "I would imagine they would have much preferred that she stay," "At least in the interim, it’s a very good replacement."

Mr Elliott commended Ms. Jablko for transforming the financial role of the bank and making the company more straightforward and stronger."

"I personally thank her for her considerable contribution over the past four and a half years,"

Ms Jablko said the move was "incredibly tough decision" but she hoped to use her expertise in a new industry. She said in a statement that "I have enjoyed working very closely with Shayne and the wider team and playing a part in the continued growth of the bank.

"I'm especially proud of the work we have carried out in the strengthening and simplification of the bank as well as of the highly capable financial role which we've been developing in recent years.

In a war of words which sneaked into a legal battle after brokerage, Ms. Jablko's selection by ANZ, Angus Aitken, was overshadowed by her reaction to Jablko's decision to recruit him, as "former investment bankers tend to be at most crap in the listed world."

Mr Aitken e-mailed the appointment to his clients, which made British clients particularly awe, given the recent big deal that Mrs Jablko made as a banker informed Slater & Gordon of her disastrous purchase of the UK Quindell group which contributed to the bankruptcy of the company. Slater & Gordon received the following advice.

In reaction, "Sexism alive + well in stockbroking?" tweeted by the ANZ communications chief Paul Edwards, who Mr Elliott "liked" on the social media website.

Mr Elliott and Mr Edwards were forcefully diffamated, private settling won and public excuses lost. Mr Aitken lost his work and then sued ANZ.

This year, Transurban changed its Executive Committee and, in October, former CFO Adam Watson resigned. This month, former Chief Operating Officer of Sydney Airport Hugh Wehby joined Transurban as group managing partner, distribution and Risk. As executive customer and technology, Simon Moorfield also joined AGL.

The shares of Transurban closed with 13.87 dollars on Tuesday, down 13 on Tuesday.

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