QBE chairman, Belinda Hutchinson, branded rumours that QBE is searching for an external replacement for CEO Frank O'Halloran as "completely false".
Ms Hutchinson said: "The board has not appointed an external recruiter to fill the CEO role. QBE has a long standing and successful succession planning process due to the depth of its high quality management team.
"This team is ably led by Frank, who will remain the CEO for the foreseeable future. Frank has publicly stated his interest and willingness to continue as CEO. QBE will advise the market before making senior management changes.”
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