The Federal Government has confirmed Treasury secretary Ken Henry is resigning from his role.
He will finish up early in the new year and will be replaced by Climate Change Department secretary Martin Parkinson.
Confirming Dr Henry’s resignation this morning, Prime Minister Julia Gillard called him “one of the greatest of all Treasury secretaries”.
Bernard Keane at Crikey summarizes his career. Keane is clearly a big fan, reserving his biggest praise for Henry’s work (along with that of the RBA) during the global financial crisis:
But hundreds of thousands of Australians have jobs that wouldn’t have them if Henry, Stevens and their teams had repeated the errors of the late ‘80s and early ‘90s – chiefly using the levers of monetary and fiscal policy too late and ineffectively.
Hundreds of thousands of people in jobs. While he may not get the public recognition, it’s hard to think of a more fitting legacy for Australia’s most senior financial public servant.
Update: And while we’re doing resignations, let’s note that John Brumby has resigned from Parliament, effective immediately. Both as Treasurer and Premier, he ran a government that, while not without its flaws, did more things right than not.