Bank of Queensland (ASX:BOQ) CEO and Managing Director Patrick Allaway retains top job

• Bank of Queensland (BOQ) announces Patrick Allaway is set to remain as MD and CEO and that the search for a new CEO has been discontinued
• The company believes it will retain stability and continuity
• BOQ’s main upcoming focus is to continue building a stronger, simpler, and more digitally-enabled institution
• Bank of Queensland is trading at $5.97

Bank of Queensland (BOQ) has confirmed that its current CEO and MD Patrick Allaway will continue in his role and that the search for a new CEO has been discontinued.

This decision aims to maintain stability and consistency as the bank progresses with its strategic priorities.

BOQ’s main focus remains on building a stronger, simpler, and more digitally-enabled institution in the coming phase.

“I am honoured to continue leading BOQ through our transformation to address our structural challenges as a mid-tier bank and deliver a competitive and sustainable model with improved outcomes for our customers, people and shareholders,” BOQ’s Managing Director Patrick Allaway said. 

The continuation of Mr Allaway’s leadership promises to bring stability and vision to the Bank of Queensland’s operations and guide the bank towards a more prosperous future. 

BOQ was last trading at $5.97.