BoQ Announces Permanent CEO
(15 August 2023 - Australia) BoQ Managing Director and Interim CEO, Patrick Allaway, is set to assume the role permanently.
BoQ announced it has ceased its global CEO search and officially endorsed the existing leadership for the group following the surprise departure of George Frazis in November 2022.
“The board is delighted to affirm Patrick’s position as CEO. The leadership energy and commitment he has shown in his position has revitalised our team, brought clarity to our goals, and will serve BOQ well as we further strengthen and simplify our operations in the years ahead” commented new Chairman Warren Negus after taking over the role from Mr Allaway.
“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. I recognise that this will not be easy, requiring unwavering commitment to the disciplined execution of our strategic priorities, and embracing our integrated risk program to build a better bank” Mr Allaway commented on his appointment.