CYBG PLC Directorate Change (7319Y)
19 Mai 2016 - 11:48AM
UK Regulatory
TIDMCYBG TIDM11IO
RNS Number : 7319Y
CYBG PLC
19 May 2016
CYBG PLC
(Company)
19 May 2016
Directorate Changes
The Company announces the appointment of Clive Adamson and Paul
Coby as independent Non-Executive Directors. They will both also
join the Boards of CYB Investments Limited and Clydesdale Bank PLC.
Mr Adamson will also be appointed a member of the Board's Risk and
Audit Committees. Mr Coby will join the Boards on 1 June 2016 and
Mr Adamson on 1 July 2016.
Mr Adamson is currently a Non-Executive Director at Ashmore
Group PLC, The Prudential Assurance Company Limited, where he is
also Chair of the Risk and Capital Committee, and at J.P. Morgan
International Bank Limited, where he is also Chair of the Audit,
Risk and Compliance Committee. He is an advisor to ABH Holdings SA.
He was previously an executive member of the Board, Head of
Supervision and member of the Executive Committee at the Financial
Conduct Authority.
Mr Coby is currently IT Director at John Lewis and a member of
the John Lewis Management Board. He was previously Chief
Information Officer at British Airways Plc. He is a Non-Executive
Director at Pets at Home Group PLC, at Societe Internationale De
Telecommunications Aeronautiques, and until recently at P&O
Ferries Holdings Limited.
Commenting on the appointments Jim Pettigrew, Chairman of the
CYBG PLC Board said: "I am delighted to announce the appointment of
Clive Adamson and Paul Coby. Their appointments further strengthen
the Board. Both Clive and Paul bring first class business knowledge
and experience which underscores the ambition we have for the
business.
The recruitment process is also well advanced for the
appointment of a further new Non-Executive Director and Chairman of
the Board's Audit Committee. In the meantime David Bennett, Deputy
Chairman continues as Interim Chairman of the Audit Committee."
There are no other matters requiring disclosure under Listing
Rule 9.6.13.
As intimated in the Company's Prospectus published on 3 February
2016, the Company also confirms that Barbara Ridpath and Alex
Shapland each intend to retire as Non-Executive Directors on 20 May
2016. Barbara and Alex will each also retire as Non-Executive
Directors of CYB Investments Limited and of Clydesdale Bank
PLC.
Jim Pettigrew said: "On behalf of the Board I would like to
thank Barbara and Alex for their contribution as Non-Executive
Directors and their support during the Demerger from National
Australia Bank Limited and the Initial Public Offering which was
successfully completed earlier this year, and wish each of them
well for the future."
Enquiries
Investors and Analysts
John Crosse 07917 172535
Head of Investor Relations john.crosse@cybg.com
Company Secretary
Lorna McMillan 07834 585436
Company Secretary lorna.mcmillan@cybg.com
Media
Barry Gardner 0800 066 5998
Media Relations Director barry.gardner@cybg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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