Outgoing Queensland Treasurer Curtis Pitt named Speaker

Queensland Treasurer Curtis Pitt is being shunted from cabinet but will become the Speaker of the next parliament, Premier Annastacia Palaszczuk has announced.

"The parliament needs a person of integrity and experience as its Speaker and I know Curtis will bring his well-known diligence, fairness and attention to detail to the role," Ms Palaszczuk said in a statement on Saturday when announcing she'd be nominating him.

It had been widely speculated that Mr Pitt would be removed as treasurer in favour of another senior minister, most likely Deputy Premier Jackie Trad.