BOQ chief financial officer to step down following FY19 results

Company News

by Jessica Amir

The Bank of Queensland (ASX:BOQ) has announced its chief financial officer, Matt Baxby will stand down following the group full year results in October 2019

The bank says with him staying on till October, it will also ensure there is a smooth transition for the incoming Managing Director & CEO George Frazis in September.

Matt has been with the bank for seven years and was instrumental in helping the bank buy Virgin Money in 2013.

Since the purchase, Virgin Money has continued to grow and diversify its product offerings as a challenger brand.

Outgoing Matt Baxby says he decided to resign to pursue other leadership opportunities.

Shares in Bank of Queensland (ASX:BOQ) closed 0.95 per cent higher at $9.60 yesterday.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.