Bank of Queensland CFO and COO Ewen Stafford is stepping down to take up a senior role at mortgage broker Loan Market Group three years into his tenure.
Mr Stafford, who was non-executive director of Loan Market from 2015 to 2018, will be replaced as chief financial officer by Racheal Kellaway, who was previously his deputy, in a move the Bank of Queensland said was part of a succession planned.
Chief Services Officer Paul Newham will assume the role of Chief Operating Officer and report to Chief Information Officer Craig Ryman, who will assume responsibility for the bank’s operations.
In an internal memo to staff, Bank of Queensland chief executive George Frazis said Mr Stafford had been an integral part of the management team since joining in late 2019, with a key role in developing strategy. bank recovery.
“During his tenure, Ewen oversaw five consecutive periods of improved business performance, as well as the transformative $1.35 billion acquisition of ME Bank – a feat many in the market have told us. wouldn’t be possible,” Frazis said.
“Ewen’s dedicated leadership has allowed us to meet and exceed our critical integration goals, demonstrating to clients and investors that BOQ has the capability and strategy to deliver on our plans.”
Ms. Kellaway will be the first woman to serve as chief financial officer in BOQ’s 148-year history, subject to regulatory approvals.