Regional bank appoints new CEO

Bank of Queensland has announced the appointment of Jon Sutton as its chief executive, effective immediately.

Mr Sutton has been acting chief executive at BOQ for around four months, and was previously chief operating officer after joining the bank in July 2012.

Chairman Roger Davis said the board believed Mr Sutton was the best person to continue the successful implementation of the bank’s strategy.

“Jon has played a key part in BOQ’s turnaround, as well as the development and implementation of our four-pillar strategy,” Mr Davis said.

“We are at a crucial point in a major transformation program and growth agenda, and we are confident that strong momentum will be maintained under Jon’s leadership.”

Mr Sutton said he was proud to have been appointed chief executive and looked forward to leading BOQ and helping unlock its potential.

“BOQ has achieved much over the last two years, but we must continue to maintain the momentum we have built and continue to successfully deliver our strategy and customer-focused approach,” Mr Sutton said.

“This will create the foundations we need to underpin BOQ’s next phase of growth, which will require us to take advantage of the opportunities and challenges presented by rapidly changing macroeconomic and financial services environments, as well as technological advancements.”

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