Directorate Change

Virgin Money UK

26/06/2024 09:10

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RNS Number : 9595T  Virgin Money UK PLC  26 June 2024

 

 

 

VIRGIN MONEY UK PLC

(Company or Virgin Money)

 

LEI: 213800ZK9VGCYYR6O495

 

26 June 2024

 

Virgin Money appoints Petra van Hoeken as Non-Executive Director and Chair of
the Risk Committee

 

The Company announces the appointment of Petra van Hoeken as an independent
Non-Executive Director of the Company with effect from 1 July 2024.
Additionally, Petra will replace Geeta Gopalan as Chair of the Risk Committee,
subject to final regulatory approval, also with effect from 1 July 2024.

 

Petra's biography is set out below. Petra is currently a member of the
Supervisory Board, chair of the Risk and Compliance Committee and a member of
the Audit Committee at de Volksbank; non-executive board member, chair of the
Risk and Compliance Committee and a member of the Audit Committee at Nordea
Bank; and non-executive board member, vice-chair of the Audit Committee and
member of the Investment Committee and Impact Committee at Oranje Fonds. Petra
is also an advisor to the Dutch Ministry of Economic Affairs & Climate as
chair of the Advisory Committee for Credit; a member of the Donations Review
Committee of the Leiden University; a member of the board of the Foundation
for the holding and administration of shares under the Royal Dutch Shell
employee share plans, and a member of the board of the Female Cancer
Foundation.

 

As announced by the Company on 6 February 2024, Geeta Gopalan will step down
from the Board on 30 June 2024.

 

David Bennett, Board Chair, said: "I am delighted to welcome Petra van Hoeken
to the Board. Petra's extensive banking and financial services industry and
risk experience gained across multiple geographies will be highly valued by
the Virgin Money Board."

 

Petra van Hoeken said: "I am very pleased to be joining the Virgin Money Board
and look forward to taking on leadership of the Risk Committee as the Company
progresses into the next phase of its strategic journey."

 

Petra will also become a member of the Audit Committee, the Governance and
Nomination Committee and of the Remuneration Committee and will join the Board
of Clydesdale Bank PLC all effective from 1 July 2024.

 

Other than the directorships disclosed above and in the biographical
information section below, there are no matters requiring disclosure under
Listing Rule 9.6.13R.

 

Biographical information

 

Petra has extensive experience in the financial services industry both in
executive and non-executive roles at Dutch and international banks.

 

She started her career in banking at ABN AMRO in 1986, in client relationship
and product areas and moved into risk management at senior level. She lived
and worked abroad for 14 years, in Madrid, Singapore, Frankfurt and New York,
and returned to The Netherlands late 2006. There she served as global Head
Sustainability for ABN AMRO in 2006-2007 and served as vice chair of the ABN
AMRO Foundation and as member of the UN Advisory Council on Inclusive
Financial Sectors.  As the Royal Bank of Scotland acquired ABN AMRO in late
2007 (in a combined bid with Banco Santander and Fortis), Petra was appointed
Chief Risk Officer (CRO) for RBS Europe, Middle East & Africa (EMEA).

 

Her most recent senior executive roles were CRO (covering risk management,
compliance and legal) at the Management Board of NIBC (2011-2016), and
Rabobank Group (2016-2019), followed by a year as CRO at the (then listed)
Intertrust Group.

 

For well over 10 years Petra has had various non-executive board roles,
including at the Nederlandse Waterschapsbank from 2015-2023 (including chair
of the Risk Committee and member of the Audit Committee), within the Rabogroup
at De Lage Landen Int BV from 2018-2019 DLL and at Utrecht America Holdings
Inc from 2016-2019. At NIBC she served in the supervisory boards of NIBC
Deutschland AG and NIBC Singapore Pte Ltd (2012-2016). During her time at RBS
Petra held several intra group non-executive roles, including for RBS Moscow
and RBS Middle East.

 

Petra is currently a member of the Supervisory Board, chair of the Risk and
Compliance Committee and member of the Audit Committee at de Volksbank;
non-executive board member, chair of the Risk and Compliance Committee and
member of the Audit Committee at Nordea Bank; and non-executive board member,
vice-chair of the Audit Committee and member of the Investment Committee and
Impact Committee at Oranje Fonds.

 

Petra is also an advisor to the Dutch Ministry of Economic Affairs &
Climate as chair of the Advisory Committee for Credit; a member of the
Donations Review Committee of the Leiden University; a member of the board of
the Foundation for the holding and administration of shares under the Royal
Dutch Shell employee share plans, and a member of the board of the Female
Cancer Foundation.

 

Announcement authorised for release by Lorna McMillan, Group Company
Secretary.

 

For further information, please contact:

 

 Investors and Analysts
 Richard Smith                                    07483 399303
 Head of Investor Relations & Sustainability      richard.smith@virginmoney.com

 Company Secretary
 Lorna McMillan                                   07834 585436
 Group Company Secretary                          lorna.mcmillan@virginmoney.com

 Media Relations
 Press Office                                     0800 066 5998
                                                  press.office@virginmoney.com

 

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