28 August, 2019

Teachers Mutual Bank Limited today announced that John Kouimanos has stepped down as Chair of the Board of Directors. Current Director Maree O’Halloran has been elected as the new Chair.

Mr Kouimanos has decided not to continue as Chair for personal and family reasons, but will remain as a Director of the Bank.

Chair since 2008, Mr Kouimanos has been instrumental in steering the growth and development of the Bank from its earlier days as Teachers Credit Union through to the multibranded financial institution Teachers Mutual Bank Limited is today.

“We are enormously grateful to John for his service as Chair, and his continued service now as a Director,” said Steve James, Chief Executive Officer of Teachers Mutual Bank Limited.

“Anyone who knows John understands how passionate he is about Teachers Mutual Bank Limited, and the mutual banking sector in general. The depth of his contribution and wisdom over the years is immeasurable.”

New Chairperson Maree O’Halloran, AM joined the Board of Teachers Mutual Bank Limited in October 2009.

Currently a Senior Associate at NEW Law Pty Ltd, Maree was the Director of the Welfare Rights Centre for seven years where she also practised as a solicitor. She is a former President of the NSW Teachers Federation, and has served as a member of the NSW Public Service Commission Advisory Board, a Director of Teachers Federation Health and the SAS Trustee Corporation. She is currently a member of the NSW Rhodes Scholarship Selection Committee.

Ms O’Halloran was awarded the Member of the Order of Australia (AM) in the 2011 Australia Day Honours List, in recognition of her service to industrial relations and the education sector.

Teachers Mutual Bank Limited has a strong record on gender diversity. Women currently make up 50% of its Board, and 46% of its management. Ms O’Halloran is the second woman to Chair the Bank – the first was in 1968.

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Gillian Tatt
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