Bank of Queensland chief financial officer and chief operating officer Ewen Stafford is departing to take up an executive role at mortgage broker Loan Market Group three years into his tenure.
Mr Stafford, who was a non-executive director at Loan Market from 2015 to 2018, will be replaced as CFO by Racheal Kellaway, who was previously his deputy, in a move Bank of Queensland said was part of a planned succession.Chief services officer Paul Newham will assume the role of COO and report to chief information officer Craig Ryman, who will take over responsibility for the bank’s operations.
“During his tenure Ewen has overseen five consecutive reporting periods of improving business performance, as well as the transformative $1.35 billion“Ewen’s dedicated leadership has allowed us to meet, and exceed, our critical integration targets, demonstrating for customers and investors that BOQ has the capability and strategy to deliver on our plans.”
Ms Kellaway will be the first woman to hold the CFO position in BOQ’s 148-year history, subject to regulatory approvals.