subscribe to our newsletter

BOQ director steps down

The bank has announced that a non-executive director will retire from the board following the half-year results.

In a notice to the ASX, the board of the Bank of Queensland (BOQ) announced that non-executive director Richard Haire has decided to retire from the board, following the bank’s half-year results for the 2020 financial year. 

Mr Haire has served as a member of the BOQ board since April 2012, and has taken on roles in various committees within the bank throughout his time at BOQ.

He stepped down from his role as chair of the audit committee in November 2018, a role he had held since shortly after joining the board.

BOQ chairman Patrick Allaway thanked Mr Haire for his service to the bank.


“We would like to thank Richard for his eight years of service, including his role as the chair of the audit committee, where he guided BOQ’s financial reporting, audit and compliance processes during a period of significant change across the banking sector.

“We would also like to acknowledge Richard’s contribution as a member of the risk, human resources and remuneration and information technology committees.”

Mr Allaway noted that the announcement of Mr Haire’s retirement is the latest in a series of resignations, as BOQ gears up to overhaul its lending processes, and address other areas of reform in the bank after “disappointing” FY19 results.

“Richard’s decision to retire is the next step in orderly board renewal process we announced earlier in the year.”

“The three directors departing over the next six months, Richard, Roger Davis and David Willis, have all made significant contributions to BOQ. 


“During their tenure, BOQ has made a number of niche investments that have delivered strong growth for shareholders in speciality sectors, providing a good strategy for return on growth.”

Mr Haire said: “It has been an honour to serve on the board of this iconic Queensland company during a transformative time in the industry and economy.

“I want to wish to board and management team all the best for the next phase of BOQ’s journey.”

BOQ also confirmed that Ewen Stafford, recently announced chief financial officer and chief operations officer, is due to commence his role on 11 November 2019.

[Related: BOQ appoints new CFO, COO]

BOQ director steps down
Bank of Queensland

If you have ever considered how you could better service your SME clients but lack the knowledge or confidence to do this beyond referring them on, this is a must-attend event for you. Don't miss SME Broker Bootcamp, a jam-packed, free-to-attend, practical workshop. Register today and secure your place at this interactive, flexible, must-attend event.

Hannah Dowling

Hannah Dowling is a journalist for mortgage business, the leading source of news, opinion and strategy for professionals working in the mortgage industry.

Prior to joining the team at Mortgage Business, Hannah worked as a content producer for a podcast catering to property investors. She also spent 6 years working in the real estate sector at a local agency. 

Hannah graduated from Macquarie University with a Bachelor of Media and Journalism. 

You can email Hannah at: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

The major bank’s chief has apologised to customers, admitting far-reaching systemic issues led to each of the six matters presented in new...

Several lenders, including major banks, have offered loan repayment relief and fee waivers for NSW and Queensland residents impacted by floo...

The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for “false and misleading marketing” of the ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think APRA's bank buffer changes will see more borrowers use non-banks?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.