BOQ director resigns

Bank of Queensland (BOQ) has announced the resignation of a non-executive director who was a key figure in the group’s partnership with Virgin Money.

BOQ chairman Roger Davis said Neil Berkett made a significant contribution to the company’s board as a non-executive director since joining in July 2013.

“Over the past three years, Neil’s extensive experience across the finance, digital media and telecommunications sectors has provided the board with important insight across a wide range of issues,” Mr Davis said.

“Neil has been a valuable member of the Human Resources and Remuneration Committee as well as the Information Technology Committee.

“As the Virgin Group’s nominee, he has also provided valuable input into the strategy for expanding the Virgin Money business in Australia under BOQ’s stewardship.”

Meanwhile, Mr Berkett said he was pleased with the progress BOQ had made since he joined the group.

“There is a sound strategy in place which differentiates BOQ from its competitors and we are seeing the results of the company delivering on its strategic objectives,” he said.

“I’ve enjoyed the opportunity to interact with my fellow directors and management to help guide the company’s progress during my tenure.”

[Related: BOQ recognised for low-risk mortgage strategy]

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