BOQ loses second exec

THE Bank of Queensland has lost its second big executive in as many days, with group executive of BOQ business Brendan White resigning to become chief executive of Cash Converters.

Mr White’s departure follows the resignation of BOQ chief executive Jon Sutton on Wednesday, who is leaving the lender to focus on his longterm health following a triple bypass surgery earlier this year.

“I know that I will be leaving BOQ Business in great shape, and look forward to taking on fresh challenges in my new role,” Mr White said in a release on Wednesday.

He replaces former Cash Converters chief executive Mark Reid, who resigned in August after 15 years in the job.

Mr White’s notice period extends until March 2019.

BOQ shares were last trading at $9.77, having dropped sharply at Wednesday’s open following news of Mr Sutton’s departure.