New Chair for BOQ
(26 August 2008 – Australia) Bank of Queensland has announced that long-standing board member Neil Summerson would become the company’s new Chairman, replacing retiring Chairman Neil Roberts.
As part of the announcement, BOQ also said that David Liddy, managing director, had agreed to extend his contract until 2011.
Summerson, in his first act as Chairman, said that Liddy, who Summerson described as having completely transformed the bank since joining in 2001, had agreed to extend his contract to 31 December 2011.
Summerson also praised the leadership of outgoing chairman Neil Roberts, who has chaired the bank’s Board for 13 years and been a Director for 21 years.
When Roberts became Chairman in 1995, the Bank’s market capitalisation was $25 million, it is now around $2.4 billion, and BOQ in now placed in the Top 100 companies listed with the Australian Securities Exchange.
Other milestones achieved under Mr Roberts’ leadership include the introduction of the bank’s first ATMs; the sale of the Queensland Government’s 40 percent stake in the bank and its successful transition to an independent public company; and the opening of Bank of Queensland’s first branches outside Queensland.
The board also announced director Tony Howarth would take over the position of Deputy Chairman.
Summerson, in his first act as Chairman, said that Liddy, who Summerson described as having completely transformed the bank since joining in 2001, had agreed to extend his contract to 31 December 2011.
Summerson also praised the leadership of outgoing chairman Neil Roberts, who has chaired the bank’s Board for 13 years and been a Director for 21 years.
When Roberts became Chairman in 1995, the Bank’s market capitalisation was $25 million, it is now around $2.4 billion, and BOQ in now placed in the Top 100 companies listed with the Australian Securities Exchange.
Other milestones achieved under Mr Roberts’ leadership include the introduction of the bank’s first ATMs; the sale of the Queensland Government’s 40 percent stake in the bank and its successful transition to an independent public company; and the opening of Bank of Queensland’s first branches outside Queensland.
The board also announced director Tony Howarth would take over the position of Deputy Chairman.
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