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BOQ loses second top exec in two days

Alex Druce
BOQ group executive of business Brendan White is leaving to take on the role of Cash Converters CEO

The Bank of Queensland has lost its second big executive in as many days, with group executive of BOQ business Brendan White resigning to become chief executive of Cash Converters.

Mr White's departure follows the resignation of BOQ chief executive Jon Sutton on Wednesday, who is leaving the lender to focus on his long-term health following a triple bypass surgery earlier this year.

"I know that I will be leaving BOQ Business in great shape, and look forward to taking on fresh challenges in my new role," Mr White said in a release on Wednesday.

He replaces former Cash Converters chief executive Mark Reid, who resigned in August after 15 years in the job.

Mr White's notice period extends until March 2019.

BOQ shares were last trading at $9.77, having dropped sharply at Wednesday's open following news of Mr Sutton's departure.