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.