Barbara Chapman has been named new chair of NZME after Peter Cullinane stepped down last week when he lost support of some Australian fund managers. Chapman, a former chief executive and managing director of ASB Bank, has been a director of NZME since April 2018. She also chairs Genesis Energy and is an independent director of Fletcher Building and insurance company IAG New Zealand. She will resign from the board of IAG effective June 30 to enable her more time to focus on her new role, NZME said in a statement. Chapman served as CEO and managing director of ASB from 2011 until February 2018. During her career she has held a number of senior and executive roles in retail banking, marketing, communications, human resources and life insurance. Her other current roles include deputy chair of The New Zealand Initiative, Patron of the New Zealand Rainbow Tick Excellence Awards, and chair of the CEO Summit Committee for APEC 2021. She also holds seats on the Reserve Bank Act Review Panel and the Prime Minister"s Business Advisory Council.