BOQ increases CEO pay

Lender increases Stuart Grimshaw's remuneration after posting a surge in profit.

Bank of Queensland (BOQ) has increased its chief executive officer's pay after posting a surge in full-year profit.

In its annual report, the bank said total remuneration for CEO Stuart Grimshaw was $2.9 million in the 2013 financial year, compared with $1.8 million in the previous year.

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