The Bank of Queensland has announced that Stuart Grimshaw will take the role of chief executive officer of the company after David Liddy departs the role.


Mr Grimshaw will join BoQ at the start of November, succeeding Mr Liddy who has held the joint MD & CEO role since April 2001.


Chairman Neil Summerson praised Mr Grimshaw’s extensive experience and record of achievement in the financial services industry in Australia.


“The Board is delight to welcome Stuart to BOQ. He has demonstrated outstanding skills and capability in financial services, having held executive positions at two of our country’s largest banks, Commonwealth Bank and National Australia Bank, as well as Non-Executive Director role at our regional peer, Suncorp,” said Mr Summerson.


Mr Grimshaw has extensive experience in the non-banking sector, after working as CEO of Caledonia Investments, which manages a folio of $2 billion for over 400 investors.


Current COO Ram Rangatharan will serve as the interim CEO in the period after Mr Liddy steps down at the end of August.