QBE restructures
QBE has undertaken a restructure aimed at better reflecting its expansion into Europe and the Americas.
The company announced to the Australian Securities Exchange this week that it had restructured into three main operating divisions – Europe, the Americas and Australia Asia Pacific – with the result that the group chief operating officer and acting chief executive for Australia, Vince McLenaghan, has been confirmed as chief executive officer for Australia Asia Pacific.
Under the new structure, Steven Burns has been confirmed as chief executive for European operations and John Rumpler has been confirmed as chief executive officer for the Americas.
All three men will report to group chief executive officer Frank O’Halloran.
AUTHOR
Mike Taylor
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