Phillip Lowe replaces Glenn Stevens as RBA governor - BBG

Bloomberg reporting news from the Australian Financial Review, citing the Australian Treasurer Scott Morrison has named Lowe as the next RBA governor to replace the retiring Stevens when he steps down in September after 10 years in the post. Lowe's appointment comes with a 7-year term.

RBA board member John Edwards will be replaced by Ian Harper. A new deputy governor will be announced in H2 2016.