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"Your father would have been very proud of you, Oliver."
—Walter Steele to Oliver Queen[src]

Walter Steele is the CFO of Starling National Bank, and formerly the CFO and later CEO of Queen Consolidated. Walter is also the best friend of the late Robert Queen, the ex-husband of Moira Queen, and the ex-step-father of the late Oliver Queen and Thea Queen.


Early life[]

Walter worked at Queen Consolidated as the CFO.[1] At some point, he became best friends with the CEO Robert Queen and his wife, Moira Queen.

In 2007, Walter visited Robert at the Queen Mansion to request his signature on some papers for a Queen Consolidated stock offering. While waiting, Walter and Moira briefly discussed the latter's children, Oliver and Thea. Later, after Robert signed the papers, Walter sensed something was off with his friend and offered to talk if he needed it, to which Robert thanked him. It's assumed this was the last time they saw each other before Robert's death.[2]

Following Robert and Oliver's deaths in the sinking of the Queen's Gambit, Walter became the new CEO of Queen Consolidated.

Sometime afterwards, Walter visited Moira, who was struggling to cope with the loss of her husband and son. He firmly declared that they were going out for lunch, refusing to take no for an answer. This outing began to lift Moira out of her depressive state.[3] Walter and Moira's relationship grew deeper overtime, with the two soon falling in love and marrying in 2011.[1]

Suspicions on Moira[]

In late 2012, when his apparently dead step-son, Oliver, returned from a 5-year-long shipwreck, Walter greeted him with warm and open arms. Initially, there was some distrust on Oliver's side, but with Walter's continued support and concern of him, they eventually began to grow on one another.[1]

After Oliver's death in absentia was revoked, Walter and Moira gave him a tour of Queen Consolidated. Walter proudly described the company's success in new scientific fields and revealed they would be breaking ground for a new Applied Sciences site, which would be named in honor of Robert. He attempted to mediate a heated discussion between Moira and Oliver regarding the latter working at the company, remaining stoic even at Oliver's outburst over the changes in his life, including Walter's marriage to his mother. Later, Walter spoke at the Applied Sciences groundbreaking ceremony, only to be interrupted by Oliver, who took the stage and publicly declared his refusal to follow in Robert's footsteps.[4]

With Unidac Industries going into receivership, Walter decided to try and acquire it for the company. This caught the attention of Detectives Quentin Lance and Lucas Hilton once two other bidders were killed. Walter maintained his innocence, pointing out there were many other interested parties. At the auction, Walter was pleasantly surprised at Oliver's attendance. When his stepson expressed worry over the other bidders' deaths, Walter tried to assure him they would be safe. Sure enough however, the responsible assassin attempted to kill Walter, but Detective Lance saved him from the line of fire and escorted him to safety.[5]

Felicity tells Walter about Tempest

Felicity tells Walter about Tempest.

Walter became suspicious of Moira after she fabricated a story about investing in a friend's business to explain away an account discrepancy of $2.6 million, which he was trying to reconcile for Queen Consolidated. Walter asked Felicity Smoak from the company's I.T. department to uncover the truth behind the withdrawal. Felicity later revealed the money was used to set up offshore limited liability company called Tempest, which purchased a warehouse in Starling City three years ago. Curious, Walter went to the warehouse, determined the password to the lock (ROBERT), and discovered the wreckage of the Queen's Gambit inside, much to his shock. The next morning, Walter witnessed the SCPD, led by Detective Lance, arrest Oliver for being the vigilante and immediately contacted a lawyer.[6]

Walter and Moira arrived at the SCPD to see Oliver. Walter coldly requested that Lance halt his interrogation until Oliver's attorney arrived. Musing how Lance was on a personal vendetta, Walter was taken aback when Oliver requested that the detective's daughter, Laurel Lance, represent him. Walter told his head of security to discreetly transfer the contents of the warehouse, but the man was killed before he could do so. Walter and Moira then spoke about the matter. Walter knew that his wife was connected to something dangerous, feeling he couldn't trust anything Moira says. Walter then flew to Melbourne, Australia claiming he needed to handle some business issues there.[7]

Walter returned from Australia when Moira was accidentally wounded during an attack against Paul Copani.[8]

Felicity helps Walter with the List

Felicity helps Walter with the List.

At first, Walter didn't pursue what he learned about Moira, but when Felicity revealed a symbol associated with another entity who tracked the $2.6 million his wife withdrew, he couldn't let it go. He searched the mansion and found a book containing the symbol and a list of names, which he asked Felicity to look into. Walter warned her that the last person he asked to look into this matter was killed, but she agreed to help anyway.[9]

On December 12, Malcolm Merlyn became aware of Walter's investigation and ultimately kidnapped him.[10]

The Queen family celebrate Christmas

The Queen family celebrate Christmas.

At Thea's birthday party, Malcolm showed Moira a picture of Walter as "proof of life".[11]

Moira, after learning from Oliver that Walter was apparently dead, approached Malcolm in anger. He promptly provided a live video feed to Walter being held in a cell. Following this, Oliver, after some research, discovered the location where Walter was being kept. Oliver, in his guise as The Hood, then rescued Walter. Walter, though not visibly injured, ended up at the hospital. His family greeted him warmly, and when Felicity brought him a bouquet of flowers, Oliver introduced her to Moira and Thea as his friend, with Walter saying she was his friend as well.[2]

Shortly after returning home, Walter told Moira he wanted a divorce, as he had long realized that she was involved in his abduction.[12]

Chief Financial Officer of Starling National Bank[]

Roughly five months following Walter's divorce from Moira and the Undertaking, he had since moved on from Queen Consolidated and is now the chief financial officer of Starling National Bank. Oliver went to Walter for help in saving the company from falling into the hands of Isabel Rochev. Walter more than happily obliged; noting that he was glad that Oliver knew he could still turn to the former for help; commenting that his father would be proud of him. Walter allowed Oliver to get a loan from the bank to buy 5% of the remaining stock of Queen Consolidated; making Oliver and Isabel equal partners in the company.[13]

Walter had dinner with Moira and Mark Francis in order to sound her out about running against Sebastian Blood for the mayorship of Starling City. He later personally visited Moira, encouraging her to run. Walter and Moira meet again when she agrees to run. They discussed Dr. Gill's knowledge of Thea's true paternity, revealing that Walter knew Thea is not Robert's biological daughter.[14]

Walter helped Moira prepare for her mayoral campaign against Sebastian Blood. In another room, Felicity approached Walter and stated that Tempest had made a monetary withdrawal into Starling National Bank. Walter said he will ask Moira about it, and thanked Felicity for bringing it to his attention. He later brought Oliver onstage where he announced he support of his mother's candidacy.[15]

A week later, at Felicity's request, Walter liquidated 800,000 shares of Queen Consolidated stock and placed the money into Oliver's vault at Starling National.[16]

Moira Queen's funeral

Moira Queen's funeral.

Walter attended Moira's funeral. He attempted to comfort Thea and offered her any help he can give.[17]

Walter was approached by the Star City Council to run for the position of mayor, but he declined.[18]

When Oliver decided to run for mayor, Walter recommended political strategist Alex Davis for the position of his campaign manager.[19]

Alternate reality[]

In the alternate reality created by the Dominators, Walter still worked at Queen Consolidated. When Robert Queen was elected Mayor of Star City, he needed to find a new CEO for the company and mentioned that the board of directors wouldn't back Walter as a candidate.[20]


Walter is described as "a commanding, upper-crust man". He is also very loyal. This is proven when he learns about Robert's fate and tries to do everything he can to solve his best friend's murder. He is intelligent, and calculating. Despite the divorce with Moira Queen, Walter still loves Oliver and Thea and will not hesitate to help them in anyway he can. He was not only willing to give Oliver a loan to help him buy the shares he needed from Queen Consolidated, but was also happy Oliver knew he could turn to him whenever he needed him. Walter also appears to have forgiven Moira, and has asked her to run for mayor. He's also a very bad liar.

Walter is shown to be very caring for the people around him, even his employees. He attempted to warn Doug Miller he would be a potential target for the Hood, a trait which turned out to be his downfall. Due to his kind behavior, Felicity cared for him when he disappeared and was happy when The Hood rescued him. Despite marrying Robert's wife, Walter was very loyal to Robert, going as far as to investigate the ruins of the Queen's Gambit when questioning the manner Robert Queen died.

Walter has an RP (received pronunciation) accent, and the emotional self-control often associated with a boarding school education.


  • High-level intellect/Great business acumen/Leader: Walter was highly intelligent and an exceptional businessman and leader, as he was the CFO of Queen Consolidated and was swiftly promoted into CEO after the death of Robert and ran the company well and managed to beat out all other businessman to acquire ownership of the Unidac Industries. Walter would then ran the Starling National Bank as its CFO after retiring as QC's CEO.



Season 1

Season 2

Season 3

Season 4

Season 5

Season 7

Season 8




Promotional images[]


Season 1[]

Behind the scenes[]

  • In the DC comics, Walter Steele, while also being a CEO of Queen Industries, was a minor character.
    • In the DC comics, Walter Steele is Caucasian.