Shawbrook Group PLC Board Announcement (7055C)
23 Gennaio 2018 - 4:29PM
UK Regulatory
TIDM55TM
RNS Number : 7055C
Shawbrook Group PLC
23 January 2018
23 January 2018
SHAWBROOK GROUP PLC
(the "Company or the Group")
Shawbrook Board Announcement
The Company announces today that, with immediate effect, Stephen
Johnson will be stepping down from the Board and relinquishing his
roles as Deputy CEO, Executive Director of the Shawbrook Group and
Managing Director, Property Finance; Mr. Johnson will leave the
business on 30 April 2018.
Karen Bennett and Jeremy Law will join the Executive Committee
as Managing Director of Commercial Property Finance and Managing
Director of Residential Finance respectively. Ian Cowie, Managing
Director, Business Finance will take responsibility for Development
Finance.
Steve Pateman, CEO, commented "Stephen has been an integral part
of Shawbrook since inception and has made a significant
contribution during that time helping to build a Bank that now has
assets of over GBP5.0bn; the recent change of ownership has created
an opportunity for Stephen to take some time out with his family
and we wish him all the very best for the future. We are fortunate
to have strong successors in place; Karen Bennett has been with
Shawbrook since 2004 and has led our Commercial Property business
for the last 2 years whilst Jeremy Law has 4 years of experience in
residential mortgages from his time at the Post Office."
Iain Cornish, Chairman, commented that "The Board would like to
thank Stephen for the important contribution he has made over the
last 15 years and in particular during the IPO in April 2015. We
wish him and his family well."
Stephen Johnson commented that "Shawbrook has played a huge part
in my professional life and that of my family and the recent change
of ownership presents an opportunity to pass the leadership of the
property business to a new generation; I appreciate the support
that I have had from the Board in making this difficult decision
and I am sure Karen, Jeremy and Ian will continue to provide the
perceptive and thoughtful underwriting and great customer service
that have been the hallmarks of the business over the last few
years and I wish them all well."
For further information, please contact:
Richard Armstrong, Group Head of Marketing &
Communications:
richard.armstrong@shawbrook.co.uk
07809493158
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 23, 2018 10:29 ET (15:29 GMT)
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