BOQ loses sec­ond exec

The Cairns Post - - BUSINESS -

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.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.