BoQ exec quits

Bank of Queensland senior executive Ram Kangatharan has detailed plans to leave the bank and move to an unspecified role, according to the article.

Kangatharan was appointed chief financial officer in 2007 and was later appointed chief operating officer in mid-2010; the article also notes he began his career as an IT specialist.

He was appointed chief financial officer in 2007 and was promoted to chief operating officer in mid-2010, as stated in the article.

Yes. The article says Kangatharan helped steer the Bank of Queensland through the global financial crisis while serving as CFO.

Investors saw his mid-2010 appointment as COO as preparing him to take charge from then chief executive David Liddy, according to the article.

The board opted to go outside the bank and tapped Stuart Grimshaw, a former Commonwealth Bank executive, to take the CEO job.

No. The article states Kangatharan has outlined plans to leave and move to an unspecified role but does not provide a detailed reason for his departure.

Key facts from the article: long-serving executive Ram Kangatharan plans to leave BOQ for an unspecified role; he served as CFO from 2007 and became COO in mid-2010; investors had viewed his COO appointment as possible succession planning; the board ultimately appointed Stuart Grimshaw, a former Commonwealth Bank executive, as CEO.