Metro Bank PLC Directorate Change (6528B)
February 15 2022 - 1:00AM
UK Regulatory
TIDMMTRO
RNS Number : 6528B
Metro Bank PLC
15 February 2022
15 February 2022
Legal Entity Identifier:
213800X5WU57YL9GPK89
METRO BANK PLC
Board change
Metro Bank today (15.02.2022) announces that David Arden, Chief
Financial Officer, has agreed with the Board that he will step down
from the Board with immediate effect and leave the business on 1st
April 2022.
Marc Jenkins, Deputy CFO, will assume responsibility for the
Finance function from 15 February 2022 while the bank recruits for
an interim CFO; that process has commenced and a further
announcement will be made in due course. The Board will comprise of
10 members until a successor is appointed.
Metro Bank's preliminary financial results will be announced on
23 February 2022 as planned and are expected to be in line with
management expectations.
Daniel Frumkin, CEO said: "On behalf of the Board I would like
to thank David for the important work that he has done to
strengthen Metro Bank's financial controls over the past two years.
He has played an instrumental role in helping to deliver the bank's
strategic priorities and turnaround plan and leaves with our best
wishes for the future."
David will be treated in accordance with Metro Bank's approved
remuneration policy and, once finalised, full details of his terms
will be disclosed on the Metro Bank website in compliance with
Section 430(2B) of the Companies Act 2006 and in the Directors'
Remuneration Report within the Company's Annual Report and Accounts
for the year ended 31 December 2021, and subsequent years, as
appropriate.
Enquiries
For further information on this announcement, please
contact:
Metro Bank PLC Investor Relations
Jo Roberts
+44 (0) 20 3402 8900
IR@metrobank.plc.uk
Metro Bank PLC Media Relations
Tina Coates / Abigail Whittaker
+44 (0) 7811 246016 / +44 (0) 7815506562
pressoffice@metrobank.plc.uk
Teneo
Charles Armitstead
+44 (0)7703 330269
Metrobank@teneo.com
About Metro Bank
Metro Bank services more than two million customer accounts and
is celebrated for its exceptional customer experience. It is the
highest rated high street bank for overall service quality and best
bank for service in-store for personal and business customers in
the Competition and Market Authority's Service Quality Survey in
August 2021. It was recognised as 'Bank of the Year' at the 2020
MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet
Personal Finance Awards 2021, received Gold Award in the Armed
Forces Covenant's Employer Recognition Scheme 2021 and won Best
Open Banking Partnership - Commercial at the inaugural Open Banking
Expo Awards 2021.
The community bank offers retail, business, commercial and
private banking services, and prides itself on giving customers the
choice to bank however, whenever and wherever they choose, and
supporting the customers and communities it serves. Whether that's
through its network of 78 stores open seven days a week, 362 days a
year; on the phone through its UK-based 24/7 contact centres; or
online through its internet banking or award-winning mobile app:
the bank offers customers real choice.
Metro Bank PLC. Registered in England and Wales. Company number:
6419578. Registered office: One Southampton Row, London, WC1B 5HA.
'Metrobank' is the registered trademark of Metro Bank PLC.
It is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Most relevant deposits are protected by the
Financial Services Compensation Scheme. For further information
about the Scheme refer to the FSCS website www.fscs.org.uk . All
Metro Bank products are subject to status and approval.
Metro Bank PLC is an independent UK bank - it is not affiliated
with any other bank or organisation (including the METRO newspaper
or its publishers) anywhere in the world. Please refer to Metro
Bank using the full name.
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END
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