BOQ CEO resigns for health reasons

BOQ CEO resigns for health reasons

Following a heart operation earlier this year, Bank of Queensland (ASX: BOQ) CEO Jon Sutton (pictured) has resigned from the position to focus on his long-term health.

The bank's current chief operating officer Anthony Rose will take on the interim CEO role while national and international executive search takes place.

Like Sutton, Rose has been with BOQ for six years and has "broad experience" with the group as well as the banking sector in general.

"We understand and respect Jon's decision to resign now, so as to focus on his health and be in great shape to return to corporate life when it makes sense for Jon and his family," says BOQ chairman Roger Davis.

"We thank Jon for his loyalty, dedication and significant contribution since he joined BOQ as our Chief Operating Officer in 2012 before stepping up into the role of Managing Director & CEO in 2015 and wish him all best for the future.

Davis said the group was also pleased to have someone of Rose's calibre to be interim CEO.

"Given Anthony's experience and knowledge of the business, we have no doubt that it will be business as usual during the search period," Davis says.

Sutton has acknowledged BOQ's support throughout the process with his health challenges.

"After consulting with my family I've made the decision to resign to focus on my longterm health," he says.

"In February I underwent emergency surgery for a triple heart bypass. In the interest of stability, I felt it was important for me to return to lead the business throughout 2018, but the time is now right to look after my health and BOQ has been understanding of that."

"Expanding and enhancing banking services for Australian businesses and families has been my life for the past 25 years and I look forward to further engagement with the sector in the future. I wish BOQ and everyone who works in and around our business, our branch owners and customers every success for the future."

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

The party’s over: Splendour in the Grass festival cancelled for 2024

The party’s over: Splendour in the Grass festival cancelled for 2024

Splendour in the Grass, Australia’s largest winter music fest...