Bank of Queensland chief executive Jon Sutton has resigned to focus on his health following triple bypass surgery earlier this year.
Anthony Rose, currently BOQ's chief operating officer, has been appointed interim chief executive while a national and international executive search is completed.
"We understand and respect Jon's decision to resign now, so as to focus on his health and be in great shape to return to corporate life when it makes sense for Jon and his family," BOQ chairman Roger Davis said in a release on Wednesday.
Mr Sutton joined BOQ as chief operating officer in 2012 before stepping up into the role of managing director and chief executive in 2015.
"After consulting with my family I've made the decision to resign to focus on my long-term health," Mr Sutton said.
"In the interest of stability, I felt it was important for me to return to lead the business throughout 2018, but the time is now right to look after my health and BOQ has been understanding of that."
Bank of Queensland shares were trading at $9.90 before Wednesday's open, down from a three-year peak of $13.51 in October 2017.
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