The Bank of Queensland (ASX:BOQ) has announced the appointment of Executive Chairman Patrick Allaway as Managing Director and CEO, and non-executive director Warwick Negus as Chairman of the Board.
Mr Allaway will step down as Chairman and assume his new role until December 2024, providing stability and continuity for the bank as the search for a long-term CEO continues.
The bank's focus during this period will be on strengthening, simplifying, digitising, and optimising its operations.
Bank of Queensland's share price is up 1.25% at 12:30pm AEST.