Paragon Banking Grp - Directorate Change
28/07/2022 07:00
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RNS Number : 9912T Paragon Banking Group PLC 28 July 2022
RNS ANNOUNCEMENT
28 July 2022
Paragon Banking Group PLC ("Paragon" or the "Group")
Appointment Of Chair
Following receipt of regulatory approval from the FCA and the PRA, the Board
of Paragon is pleased to announce the appointment of Robert East as a
Non-Executive Director and Chair of Paragon with effect from 1 September
2022. Robert will succeed Fiona Clutterbuck, who will concurrently retire as
Chair and as a Non-Executive Director.
Fiona joined the Board in 2012 and has been Chair since May 2018. The Board
wishes to express its sincerest thanks to Fiona for her unwavering commitment
and significant contribution over the last 10 years and to wish her every
success for the future.
Robert has over 40 years' experience in UK financial services, including at
board level, as CEO and Chair. During his executive career he held senior
roles at Barclays. He was also CEO of Cattles, where he led the
restructuring and wind down of its operations from 2010 to 2016. He has held
positions as Chair of Vanquis Bank, Skipton Building Society and Hampshire
Trust Bank. He has previously served as a non-executive director on the
boards of Provident Financial Group, Skipton and Hampshire Trust Bank, where
he was also Chair of the Risk Committee.
On appointment, Robert will join Paragon's Board, Nomination Committee,
Remuneration Committee and Risk & Compliance Committee.
Robert East said:
"I am delighted to take up the role of Chair at Paragon and look forward to
working with the Paragon management team as we continue to build on the
successes of the Group".
Fiona Clutterbuck said:
"It has been a privilege to serve as Chair of this very special Group. I
wish Robert every success as he joins the Board at a very exciting time for
Paragon as it continues its growth and development as a leading UK technology
enabled specialist bank."
This announcement is made in accordance with Rule 9.6.11 of the Listing
Rules.
Rule 9.6.13 of the Listing Rules
Robert was the Chief Executive Officer of Cattles PLC which underwent a scheme
of arrangement in March 2011. In connection to this, two of its
subsidiaries, of which Robert was a director until February 2020, were placed
into creditors' voluntary liquidation and dissolved in H2 2021. The Group
confirms there are no other matters requiring disclosure under Rule 9.6.13 of
the Listing Rules other than the aforementioned.
Marius van Niekerk, General Counsel and Company Secretary
Deborah Bateman, External Relations Director
0121 712 2075
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