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QBE CEO Neal to step down at end of year

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September 12, 2017

John Neal (left) will be succeeded by Pat Regan (right) as QBE chief executive.

QBE chief executive John Neal will step down at the end of the year to be replaced by Pat Regan.

Mr Regan, a former chief financial officer who currently heads QBE's Australian and New Zealand operations, will take over on January 1 following a transition period alongside Mr Neal.

Mr Neal, who led QBE for five years, this year lost more than $550,000 in pay for a delay in telling his board about a relationship with his personal assistant but chairman Marty Becker said succession planning had been ongoing for the past two years.

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