In an all-staff memo seen by AFR Weekend, CEO Patrick Allaway said chief operations officer Paul Newham had retired.
BoQ is trying to simplify its business after the tumultuous exit of former CEO George Frazis.COO Paul Newham has retired, with the executive team reduced from 12 to 8 people.
the second high-ranking executive to leave within two months, following head of people and culture Debra Eckersley out the door., who took the reins earlier this year after a falling out with former chief executive George Frazis – said such changes would continue for the rest of 2023. The executive team has shrunk from 12 people under Mr Frazis’ regime to eight under Mr Allaway, who was formally confirmed as the company’s CEO on Monday after a long interim period.“A seasoned banker for more than 30 years, Paul joined BOQ Group in April 2021 and has made an impressive contribution to the way we work, leading our operational team to uplift and streamline many of our vital processes,” Mr Allaway said.
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