BOQ announces resignation of interim CEO

BOQ’s interim CEO, Anthony Rose, has advised the bank that his employment with BOQ will conclude on 31 December 2019.

Mr Rose assumed the role of acting CEO following the resignation of former BOQ chief Jon Sutton in December 2018.

Mr Rose will be replaced by George Frazis, Westpac’s former chief executive, consumer banking, who was appointed as BOQ’s permanent CEO in June 2019 and will commence his role on 5 September.  

Following the announcement of Mr Rose’s resignation, BOQ chairman Roger Davis said: “The board thanks Anthony for his more than seven years’ dedication to BOQ as chief financial officer, chief operating officer and, in particular, for his leadership over the past nine months as interim chief executive officer.

“During this time, Anthony has been instrumental in the development and implementation of BOQ’s purpose and values as well as overseeing BOQ’s strategic review.

“Anthony has also been a strong advocate for competition and fairness across the banking sector. We appreciate his commitment to completing a seamless leadership transition over the remainder of the calendar year.”

Mr Rose added: “It’s been a pleasure to be part of BOQ’s journey over the past seven years and an absolute privilege to lead the organisation through this period of change.

“I have valued the many customer, staff and stakeholder relationships, and I am sure many of them will continue.”

He concluded: “In the immediate term, I am looking forward to ensuring BOQ achieves a smooth handover to George’s leadership. I also want to personally wish George and the broader BOQ team all the very best.”

In June, BOQ chief financial officer Matt Baxby also announced his resignation and will step down from his post following the release of BOQ’s full-year results in October.

[Related: BOQ CFO resigns]