Change for BOQ Board

Deputy Chairman Ben Macdonald has today announced his retirement from the board of the Bank of Queensland.


Mr Macdonald, who has served on the Bank's board since 1992, will be replaced by well-respected Queensland Director and executive, John Reynolds.


As Deputy Chairman for the last five years, Mr Macdonald was also a member of the bank's Remuneration and Nomination Committee.


Board Chairman Neil Roberts praised Mr Macdonald for his long service to the Bank of Queensland, and said he had been an "extremely valuable contributor to the board."


"Ben has carved out an enviable reputation for himself as a Director of integrity and intelligence, and his contribution to the Bank of Queensland as a board member has been an integral part of the Bank's ongoing success," Mr Roberts said.


New Bank of Queensland Director John Reynolds has been a senior member of the Australian and Queensland business community for more than 30 years.


Most recently he has acted as Executive General Manager - Corporate for Santos Limited and as a senior executive for Normandy Mining and David Syme and Co, publisher of The Age newspaper.


He has extensive knowledge of Queensland and its business community from his time as Chief Executive and Director of Australian Provincial Newspapers, overseeing its successful public float and rapid expansion and diversification into radio and outdoor advertising.


"John will bring a wealth of experience to the Bank of Queensland Board, particularly in areas of public affairs, government relations and people strategies," Mr Roberts said.


"John is a well-known and well-respected figure in the business community and I look forward to his input as a BOQ Director," he said.