The Bank of Queensland (BOQ) is welcoming 2015 with a new chief executive and managing director both in the form of Jon Sutton, the company’s acting CEO for four months now.
Sutton joined the lender in July 2012 and was previously appointed chief operating officer. He is welcomed by chair Roger Davis, who said that the board saw Sutton as the best person to handle the job after an “exhaustive international search process”.
“Jon has played a key part in BOQ’s turnaround, as well as the development and implementation of our four pillar strategy,” Davis said in a release.
“We are at a crucial point in a major transformation program and growth agenda and we are confident that strong momentum will be maintained under Jon’s leadership.  He has overseen many of the Bank’s key projects including digitisation of its back office and, as acting CEO, has done an excellent job in steering BOQ’s performance and communicating our results to investors over the last few months.”
Sutton said he is proud of the appointment and is looking forward to leading the organisation and helping “unlock its potential.”
“BOQ has achieved much over the last two years but we must continue to maintain the momentum we have built and continue to successfully deliver our strategy and customer-focused approach,” he said.
Sutton served as Bankwest’s managing director before joining BOQ. He also held a number of senior positions at the Commonwealth Bank.