Bank of Queensland has appointed current executive chairman Patrick Allaway as managing director. Warwick Negus has taken over as chair. Allaway will take on the role of CEO for the period up to December 2024, which is one way of handling the (by no means unusual) step of the chairman engineering their hiring as managing director.  “Allaway’s appointment will provide stability and continuity during this period, enabling the management team to continue delivering BOQ’s priorities of strengthening, simplifying, digitising, and optimising BOQ,” the bank told the ASX.  “The search process for a long-term CEO will continue to allow further time for consideration of a wider pool of external candidates and the further development of internal candidates.  Allaway said: “I will continue to lead by living our purpose and values and to progress our work to build an even stronger and better bank for our customers, our people, and our shareholders.   “Our focus is strong financial resilience whilst simplifying our operations and digitising for our future state. We have made material progress in strengthening our capital and liquidity position over the past six months and have maintained quality lending portfolios as we prepare for a more challenging economic environment. “BOQ has several programs underway to improve the effectiveness of our control environment and organisational efficiency, building a leaner more agile and digitally enabled bank.”  Warwick Negus was appointed as a director of BOQ in September 2016. He was CEO of Commonwealth Bank's investment management group, CFS Global Asset Management, and also serves as chair of Dexus.