There was, however, a difference between ANZ's approach and Westpac's, because Westpac's chairman, Leon Davis, announced his own retirement, as of March next year. His successor, Ted Evans, will have nine months to search for and appoint Morgan's successor, whereas Goode, whose current term does not expire until 2008, will oversee the ANZ succession. The contrast has sparked some discussion about which approach is the better. Interestingly, there is a broad consensus that both ANZ and Westpac have done the right thing in deciding not to extend the tenures of two very well-performed CEOs into a second decade. The last few years of David Murray's 13-year stint as chief executive of Commonwealth Bank, where the focus was on succession-related issues and the number of potential successors who quit the bank, is being cited as a reason for using a decade as the "use-by" date for even high-performing CEOs.