Deputy Governor, Guy Debelle, announced today that he was resigning from the Bank, effective
Wednesday, 16 March.

Dr Debelle will be taking up the position of Chief Financial Officer of Fortescue Future Industries in
June. He said: ‘I am honoured and privileged to have worked at the Bank for the past 25 years
and contributed to improving the welfare of the Australian people. The Bank is a great institution which
serves Australia well, including most recently through the policy response to COVID which has helped the
country come through the crisis in a strong position. I have often spoken about the opportunities for
business to help address climate change. This new position gives me the opportunity to make a significant
contribution in this area’.

Governor Philip Lowe said: ‘I would like to thank Guy for his outstanding service to the RBA over
many years. He has made major contributions to monetary policy, to financial market operations and to the
management of the Bank. Guy has been a great colleague and I wish him all the best in his new
position’.

The new Deputy Governor will be appointed by the Treasurer of Australia.