BOQ shares: Bank of Queensland chief operations officer Paul Newham retires
In an all-staff memo seen by AFR Weekend, CEO Patrick Allaway says chief operations officer Paul Newham has retired.
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In an all-staff memo seen by AFR Weekend, CEO Patrick Allaway says chief operations officer Paul Newham has retired.
Following the surprise departure of George Frazis last year, the Bank of Queensland has discontinued its CEO search and named a permanent successor.
A sell-off in the materials sector sent the benchmark ASX/S&P 200 Index down 63.1 points at the close, or 0.9 per cent, to 7277.
“There is a process to play out there, and I don’t think it is appropriate to while that process is in place,” Bendigo boss Marnie Baker said.
Bendigo & Adelaide Bank has made good progress on costs and returns. But as loan growth shrinks, scams rise and inflation keeps pushing higher, scale counts.