BOQ hires ART chair as non-executive director
The chair at Australian Retirement Trust (ART) has been appointed as non-executive director at the Bank of Queensland (BOQ).
Andrew Fraser was first appointed as chair at ART in October 2022 following the departure of Don Luke.
Fraser, who was also formerly the chair of Sunsuper and served as a director on the ART board since February 2022, has now joined the BOQ board as non-executive director. He will commence the role on 8 February 2024.
Commenting on the news, BOQ chairman Warwick Negus said: “On behalf of the board, I am delighted to confirm the appointment of Andrew Fraser as an independent non-executive director to the BOQ board.
“Andrew brings a wealth of experience to the BOQ board and we are pleased he has joined us in our 150th year.”
Fraser is also a non-executive director of BESIX Watpac, an Australian construction company, as well as chair of several charities and chancellor of Griffith University.
In August 2023, BOQ announced it had discontinued its CEO search and handed over the reins to existing leadership at the firm.
BOQ chief executive George Frazis departed the bank in November 2022 after more than two years in the CEO role.
Managing director and interim chief executive, Patrick Allaway, then took on the role permanently in August 2023.
Earlier in the year, the bank indicated Allaway would continue in the role until December 2024 as the CEO search carried on, but BOQ then ended its recruitment process.
He was a chairman at the bank for three-and-a-half years until March 2023, and the role has since been taken up by Negus, who retired from the Pengana board in order to focus on his BOQ role.
“The board is delighted to affirm Patrick’s position as CEO. The leadership energy and commitment he has shown in his position has revitalised our team, brought clarity to our goals, and will serve BOQ well as we further strengthen and simplify our operations in the years ahead,” Negus said.
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Jasmine Siljic
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