KEY POINTS:
Former Westpac New Zealand chief executive Ann Sherry has been appointed chief executive officer of Carnival Australia.
Ms Sherry will take up her position in mid-July.
She will run the Australian operation of Miami-based Carnival, the world's largest cruise company, which reported revenues of US$2.46 billion ($3.44b) in the first quarter of 2007.
Ms Sherry's four-year term in this country ended in March.
The Australian newspaper today reported that she had signalled her intention for a change when she told the bank that she wanted to leave New Zealand.
She said New Zealand was a difficult market, but her successor, Brad Cooper, would agree that he had inherited a business in much better shape.
The allure of the new position is the global nature of the company and the challenges of a new industry.
"I bring fresh thinking to the industry. I bring management experience," Ms Sherry said.
"One of the great things about banking is there is an incredible sense of what makes good businesses tick."
- NZPA
