CYBG PLC Directorate Change (5824T)
January 06 2017 - 9:38AM
UK Regulatory
TIDMCYBG TIDM11IO
RNS Number : 5824T
CYBG PLC
06 January 2017
CYBG PLC
(Company)
6 January 2017
Directorate Changes
The Company announces that Richard Gregory intends to retire as
a Non-Executive Director on 10 January 2017. He will also retire as
a Non-Executive Director of CYB Investments Limited and Clydesdale
Bank PLC.
Richard joined the CYBG PLC group in March 2000 and is Senior
Independent Non-Executive Director, Chair of the Board's Risk
Committee, a member of the Board's Audit Committee and a member of
the Board's Governance and Nomination Committee.
Jim Pettigrew, Chairman of the CYBG PLC Board said "On behalf of
the Board I would like to thank Richard Gregory for his major
contribution to the CYBG PLC group over a long period. Richard has
been a very strong advocate of the Clydesdale and Yorkshire Bank
brands during his extensive career and has brought considerable
experience and insight to the Board. Richard played a key role in
supporting the Board and management team during the Demerger from
National Australia Bank Limited and the Initial Public Offering
which was successfully completed last year. We wish him well for
the future".
As a result of his retirement, Richard Gregory will not submit
himself for re-election as a Director of the Company at the
Company's Annual General Meeting on 31 January 2017 and resolution
number 13 in the Notice of Annual General Meeting 2017 is therefore
withdrawn.
David Bennett, Deputy Chairman will be appointed Senior
Independent Non-Executive Director with effect from 11 January
2017. David joined the CYBG PLC group in October 2015. He is a
member of the Board's Audit Committee, Board's Governance and
Nomination Committee, Board's Risk Committee and Board's
Remuneration Committee.
In addition, Clive Adamson will be appointed Chair of the
Board's Risk Committee with effect 11 January 2017. Clive joined
the CYBG PLC group in July 2016. He is a member of the Board's
Audit Committee and Board's Risk Committee.
There are no other matters requiring disclosure under Listing
Rule 9.6.13.
Enquiries
Investors and Analysts
John Crosse +44 7917 172535
Head of Investor Relations john.crosse@cybg.com
Hany Messieh +61 414 446 876
Investor Relations (Australia) hany.messieh@cybg.com
Company Secretary
Lorna McMillan 07834 585436
Company Secretary lorna.mcmillan@cybg.com
Media Relations
Press Office 0800 066 5998
press.office@cybg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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