Bank of Queensland CEO resigns

Bank of Queensland Limited (BOQ) has announced that managing director & CEO, Jon Sutton, has resigned to focus on his long-term health following a heart operation earlier this year.

BOQ chair, Roger Davis, said of his departure: "We understand and respect Jon's decision to resign now, so as to focus on his health and be in great shape to return to corporate life when it makes sense for Jon and his family. We thank Jon for his loyalty, dedication and significant contribution since he joined BOQ as our chief operating officer in 2012 before stepping up into the role of managing director & CEO in 2015 and wish him all best for the future."

Sutton added: "Expanding and enhancing banking services for Australian businesses and families has been my life for the past 25 years and I look forward to further engagement with the sector in the future. I wish BOQ and everyone who works in and around our business, our branch owners and customers every success for the future."

Stepping up as interim CEO while an executive search is underway, is BOQ's current chief operating officer, Anthony Rose.