Lawrence Springborg says he and his deputy have the experience and trust of his Liberal National Party colleagues to replace Campbell Newman as their leader.
Queensland's LNP chose Mr Springborg as leader and John-Paul Langbroek as deputy after a parliamentary party room ballot that ran for nearly three hours on Saturday.
"We thank our colleagues for the trust they place in us today," Mr Springborg said.
Mr Springborg said Queenslanders could be certain the LNP would continue to carry out its caretaker duties.
"Myself and John-Paul will be making sure the trust our parliamentary colleagues have placed in us can be replicated across to the people of Queensland as we seek to build their trust as well," he said.
He said he understood there were parts of the LNP's plan, including asset leasing, Queenslanders had rejected.
"The one thing the LNP can continue to offer in Queensland is stability, stability in caretaker government," he said.
"We understand the people of Queensland were disappointed in certain aspects of our government. We understand the people of Queensland wanted us to be far more emphatic with the concerns they had."
The party was left leaderless after Premier Campbell Newman lost his seat of Ashgrove at last week's election which has not delivered a clear result.
Mr Newman remains caretaker premier as counting continues in four undecided seats and as Labor and the LNP fight for the last two crossbenchers, Katter's Australian Party MPs Shane Knuth and Robbie Katter, to form minority government.
The LNP has 39 seats while Labor has 43 and the backing of Independent MP Peter Wellington, giving it a total of 44.
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