Willis’ current three-year term expires at the co-operative's next Annual General Meeting on Feb. 27, 2013. His second term will formally commence at the conclusion of that meeting.
CBH Group Chairman Neil Wandel said Willis had made an outstanding contribution to the board and his re-appointment as one of three independent directors would assist with continuity and ensure a range of relevant expertise is maintained among its directors.
"David's extensive experience in senior executive roles and as a company director complements the skills of our nine member-elected grower Directors," Wandel said.
Willis was chief executive officer of HBOS Australia from 2004 to January 2009. Before that, Willis held senior executive positions with Westpac Banking Corporation and Lloyds Bank Australia.
He was appointed to the CBH board in March 2010 and in 2011 accepted the role of chairman of the Audit and Risk Management Committee. He is also a member of the Investment Committee.
"David is a qualified accountant with more than 30 years business experience in the Asia Pacific, U.K. and U.S., including more than 25 years working with Australian and foreign Banks," Wandel said. "He holds a number of board positions with public and private companies in several sectors and across Australia, New Zealand and Asia. He also acts as advisor to several companies and chairs a charity assisting disadvantaged youth."
Willis is a member of the Australian Institute of Company Directors and the Australian Institute of Chartered Accountants.
Three member-elected director positions will also expire at the 2013 AGM - one in District 2, currently held by Mick McGinniss, a second in District 3 currently held by Kevin Fuchsbichler, and the third in District 4 currently held by Trevor Badger.
Nominations for these positions will open on Nov. 29 and close on Jan. 4, 2013 and if required a postal ballot of members in those districts will run from Jan. 18, 2013 to Feb. 18, 2013. CBH members will be provided with more information closer to the time.