Bank of Queensland announces new CEO and Chairman

The Bank of Queensland Limited (ASX: BOQ) has announced that current Executive Chairman, Patrick Allaway, will become the new CEO and Managing Director, with current non-executive director, Warwick Negus, taking on the role of Chairman of the Board. Allaway will continue in the CEO role until December 2024, providing continuity and stability to the bank's management team. The search for a long-term CEO will continue, allowing further consideration of external and internal candidates.

Allaway's appointment is focused on continuing BOQ's priorities of strengthening, simplifying, digitizing, and optimizing its operations. Negus has more than 30 years of finance industry experience, with his most recent roles including CEO of 452 Capital, CEO of Colonial First State Global Asset Management, and Goldman Sachs Managing Director.

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