(15 April 2011 – Australia) Bank of Queensland (BOQ) chief executive David Liddy announced he would not be extending his contract when it expires at the end of the year.Mr Liddy had been with BOQ for 10 years and decided to give the board plenty of notice to start looking for a new chief executive officer.
‘After such a long and fulfilling banking career, I’m close to being ready to step down from full time executive leadership,” Mr Liddy said.
‘Personally, I’m obviously disappointed to make this announcement at the same time as such a disappointing profit result, however I thought it was important to give the Board enough notice to ensure a smooth and successful recruitment process for the benefit of our staff and shareholders.’