Treasury statement on the RBA Board appointment

Statement by Peter Costello, Treasurer of Australia on the appointment of Robert Gerard to the Board of the Reserve Bank of Australia, 25 March.

I am pleased to announce the appointment of Mr Robert Geoffrey Gerard AO to the Board of the Reserve Bank of Australia for a term of five years.

Mr Gerard is the Chairman and Managing Director of Adelaide based Gerard Industries, which employs more than 3300 people in Australia and manufactures and sells Clipsal branded products throughout the world.

Mr