Suncorp CEO Steve Johnston will take over as Chair of the Queensland Treasury Corporation (QTC) next year, replacing the retiring Damien Frawley.
State Treasurer David Janetzki said Mr Johnston was a highly respected financial leader who would join the QTC Board from October 1, before taking over as Chair on January 1.
Treasurer Janetzki said he would be joined by three new board members, Tricia Ho-Hudson, who would also start on October 1, and Karina Kwan and Berkeley Cox, both of whom will join on November 1.
He said the timing of the new appointments provided succession planning and business continuity.
“The current term of four directors will conclude by the end of the year and the new appointees will bring experience and expertise.
“QTC plays an integral role in managing the State’s finances, identifying opportunities to minimise costs and risks, and maximising outcomes for Queensland.”
Mr Janetzki thanked retiring board members Neville Ide, Karen Smith-Pomeroy and John Wilson for their service to Queensland and offered tribute to outgoing Chair Mr Frawley.
“Damien is a towering figure in Queensland’s financial services world, and I thank him for his decades of service to our State’s growing prosperity.”
