QBE CEO departs after investigation
The chief executive of big general insurer QBE, Pat Regan is departing the company after an internal investigation.
The company announced to the Australian Securities Exchange (ASX) today that Regan would be departing the organisation after almost three years in the role following the outcome of an external investigation concerning workplace communications that the board concluded did not meet the standards set out in the group code of ethics and conduct.
QBE Group chair, Mike Wilkins said the board completed an external investigation and had taken decisive action in relation to the outcomes.
“We have committed to having a respective and inclusive environment for everyone at QBE. The board concluded that he had exercised poor judgement I this regard,” he said.
The ASX announcement said Wilkins would assume the role of executive chair while a search got underway for a new group chief executive.
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