Former NAB executive Andrew Hagger is appointed as chief executive of Minderoo Group, a charitable foundation and investment business owned by mining magnate Andrew Forrest and wife Nicola.
Hagger will relocate to Perth to start his new role in mid-March, leading both the philanthropic and commercial activities of the organisation as head of Minderoo Foundation and Minderoo's investment arm.
Hagger left NAB in September last year, replaced by former NSW premier Mike Baird in the role of chief customer officer of consumer banking and wealth management. His departure followed his appearance at the fifth round of the Royal Commission in August.
Commenting on his appointment, Hagger said: "I look forward to working with the team and in particular serving Andrew and Nicola Forrest, whose vision for Minderoo is extraordinarily exciting, bringing positive impact on a global scale."
Minderoo was founded by the Forrests in 2001 and boasts an expansive portfolio of agricultural, property and resource investments. Philanthropic donations made through the Minderoo Foundation to date total $847 million.
Forrest, who serves as Minderoo chair, said the organisation has gained such scale that it is now time to hand over the day-to-day leadership.
Forrest described Hagger as an exceptional and rare leader who has combined an impressive commercial career with a long and dedicated commitment to philanthropy. Besides his new role, Hagger is chair of the Olivia Newton-John Cancer and Wellness Centre Appeal, founding director of The Wheeler Centre in Melbourne and senior international advisor to Not for Sale, a non-profit looking to combat human trafficking and modern-day slavery.
"Minderoo has been a labour of love for both my wife Nicola and I, and we have built the foundations and culture carefully over a number of years to combine ethical local businesses with impactful philanthropy," he said.
"Nicola and I look forward to redoubling our efforts to raise Minderoo to the next level of growth."