QBE chief to stay on

QBE Insurance's outgoing finance chief will stay on for another 12 months after his successor decided to retire. Chief financial officer Neil Drabsch was to retire in February 2014, and be replaced by Steven Burns, the head of QBE's European businesses. But Mr Burns has decided to retire from full-time executive duties for personal reasons.

By InvestSMART · 18 Oct 2013

By InvestSMART ·
18 Oct 2013

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Frequently Asked Questions about this Article…

Why is QBE Insurance's finance chief staying on longer than planned?

QBE Insurance's finance chief, Neil Drabsch, is staying on for another 12 months because his successor, Steven Burns, decided to retire from full-time executive duties for personal reasons.

Who was supposed to replace Neil Drabsch as QBE's CFO?

Steven Burns, the head of QBE's European businesses, was initially set to replace Neil Drabsch as the chief financial officer.

When was Neil Drabsch originally scheduled to retire from QBE Insurance?

Neil Drabsch was originally scheduled to retire in February 2014.

What role did Steven Burns hold at QBE before his planned promotion?

Before his planned promotion, Steven Burns was the head of QBE's European businesses.

What are the reasons behind Steven Burns' decision to retire?

Steven Burns decided to retire from full-time executive duties for personal reasons.

How long will Neil Drabsch continue as QBE's finance chief?

Neil Drabsch will continue as QBE's finance chief for another 12 months.

What impact does the CFO change have on QBE Insurance?

The change means that Neil Drabsch will remain in his role longer than planned, ensuring continuity in QBE's financial leadership.

Is there a new successor announced for QBE's CFO position after Steven Burns' retirement?

The article does not mention a new successor being announced for the CFO position following Steven Burns' retirement decision.